We are seeing that many new projects listed on Binance now have more reasonable market cap and FDV values, rather than being listed at prices that greatly exceed their actual value. This creates growth opportunities for new project tokens and brings renewed vibrancy to the market. I believe this is a positive sign.
Bitcoin and ETH still havenβt reached their peak β if you know, you know.
Throughout my trading career, Iβve never encountered market conditions of this magnitude. The impact surpasses what we saw during Covid.
Smaller #BTC holders are stepping up.
Strong accumulation is underway among small to mid-sized cohorts (1β1000 BTC), while large holders have slowed distribution, signaling renewed confidence in spite of the recent shakeout.
Strong accumulation is underway among small to mid-sized cohorts (1β1000 BTC), while large holders have slowed distribution, signaling renewed confidence in spite of the recent shakeout.
When ETH was under $2K, I said sentiment had bottomed and ATH was still ahead. Normies raged⦠but it played out exactly as expected.
Now the same setup is here for alts, especially mid and low caps. Sentiment is crushed, weak hands are shaking out, and patience is gone.
ETH is set to lead the next leg up. Once it moves, altseason follows.
Now the same setup is here for alts, especially mid and low caps. Sentiment is crushed, weak hands are shaking out, and patience is gone.
ETH is set to lead the next leg up. Once it moves, altseason follows.