$BTC dumped all week, and a few alts just... didn't care?
Relative strength like this tends to show up first when things turn.
Should be a good idea to keep an eye on them.
$ZRO, $NEAR and $VVV on top of my radar.
Which one are we in?
1) Same price action as last time, roughly the same distance from the local bottom
2) RSI coming back to retest the trendline like before
3) $40k next (bears only)
never been more bearish :(
- democrats swept the mid-terms & likely sweep 2028
- the face of AI just resigned from a monopoly position
- 2028+, US will control compute & manage AI
- AI datacenters and funding legislation insta-blocked
- ETFs bleeding; zero retail crypto interest
@AshCrypto Capitulation usually means the leverage gets flushed though. Binance perp OI in BTC terms was still above Nov 5th this morning and funding hadn't flipped, so not sure the longs are actually out yet
$BTC is down ~15% from the Nov 5 high, and @binance perp OI in coin terms went up. Funding never even flipped negative.
So people are still longing the dip lol.
I'd be careful calling a bottom while that much leverage is still sitting there π€