There is a reason for this chart to look the way it does, multiple actually. Since I last charted this (I look at it daily), we were well below the trend-line. Make or break time for alts I think as a whole.
BTC is king, first mover, and a lead that refuses to let up. Outperformers seem to be a temporary thing. Corporate backing - inflows are primarily into BTC - you got your corporate adoption, but it is still heavily skewed towards BTC, with a few others benefiting, mainly ETH and to a lesser degree LTC. Regulation seems to be taking a swipe at various alts December it was XRP, now privacy coins XMR, ZZEC, DASH - what next?
I have a feeling that the last alt season we saw in September of 2020 will be the last for a long time, if we ever see one again. Also curious what the smashing of the alts will end up doing to ETH. Last bear market saw a lot of alts selling their ETH which drove ETH prices down during the bear market.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.