@Bobby_1111888 ETF Boomers are selling btc and eth to buy the shiny AI stocks , the small cap alts that are pumping dont have big ETF money withdrawals , the problem is how big money are going to flow to eth again? it feels like clarity act is our last chance if we want a quick reversal
Why are so many Alts printing on what's supposedly such a horrible day for crypto? Hmmmmmm
What do you think happens once ETH starts pumping again?
THINK DUDE.
@DegenClubGR γκρεμίζονται όσα έχουν ETF γιατί οι Αμερικανοί μπαρμπάδες/investors με κυρίως χρηματιστηριακό background τα τραβάνε από btc eth κτλ. και βουτάνε τυφλά στα ΑΙ related stocks αγοράζοντας Ίσως close to the top, ενώ τα alts που δεν έχουν ETF είναι τελείως αλλο market πια...
Alts have massively outperformed over the last 2 weeks.
Bitcoin is down 11% - the weakest
Ethereum is down 8% - Not as weak as BTC
However, OTHERS is up 6%.
This is a huge divergence from how OTHERS behaved within the last drop in Feb, and totally against the usual manner of things.
OTHERS is the riskiest asset index and as such, should lose the most value the fastest.
Another interesting point here is that Bitcoin has been weaker than ETH on every recent major market drop.
What this tells us is that this whole correction is a mainly a Bitcoin only move, and some of the market is being pulled down with it.
But the riskiest asset class, is not.
The move is well overdone and not indicative of the entire market.
@CoinPoker_OFF , this false alert comes up again and again and I don't even have
teamviewer installed, I have even restarted the client but this happens again and again and I can't play
@Sykodelic_ looks like that crypto space is dead , retail believes in 4 year cycle in crypto and everyone is aping at Ai stocks , risk appetite is off (except Ai stocks ) ,so could you please tell me how money would rotate back at crypto again ? ( It's an honest question I'm not trolling)
@Sykodelic_ Do we have any reason/evidence to believe that all these will happen soon , or these are wishful thoughts? I'm not trolling or have bad intentions, I'm just wondering
The war will end
Warsh will cut rates
Liquidity will Increase
SpaceX and OpenAI will IPO
ALL Markets will send
Do you guys not understand how sentiment will flip 180 once the war ends and the market realises Warsh isn’t a hawk?
It will be instant.
Inflation atm is a supply shock in which the long end concern will be instantly removed with the end of the conflict.
It’s all already in the charts.
@Sykodelic_ Bro I'm sorry but it doesn't look any more like this ,literally noone wants now to invest in crypto and if somehow sentiment changes June is too close ,
@MarketBubble@blknoiz06@Banks Maybe he is right this time maybe not , I remember 15 months ago the famous post that he wrote : Eth is never going to trade above 2k again and then $eth did almost a 3x from there (1800)
Ansem: Ethereum is going to zero
Ansem: “I think it’s gonna go to $1,000 in the next year or so”
Banks: “So fair to say if you’re in a coma for the next 10 years, you’re putting your money in just about anything over Ethereum?”
Ansem: “Literally anything”
It's time to accumulate Ethereum.
A deep correction has happened on Ethereum; however, there are many arguments for accumulating Ethereum here rather than not.
Sentiment will say that it's not the right time, and sentiment is usually wrong.
There are multiple arguments why the current range is a great area to accumulate a position in $ETH.
1. The Yields are getting close to a peak (at least in Japan).
It's not a great recipe for anything related to DeFi when yields on government bonds are rising. The edge of using DeFi is getting slimmer.
See it like this: Investors want a premium over government bonds, as using DeFi to generate a risk-free return implies more risk. If yields go up, the premium technically disappears, and that's net negative for DeFi.
The recent exploits didn't help either.
Other than that, the yields overall look toppy in multiple countries, and they are the talk of the town, which means that it's usually getting to the end stage.
2. The CLARITY Act approval is around the corner.
Very simple and straightforward. The fact that the CLARITY Act vote is taking place in June is an indication of Ethereum's strength.
It's very likely going to be voted for, given the current form of the CLARITY Act, and that would be very productive for anything that's being built within the Ethereum ecosystem.
3. Technically, Ethereum vs. Bitcoin is attractive here.
Sure, there's a little more downside to come; however, I've stated that I wanted to see a breakout above 0.03250 to allocate to this asset. That didn't happen, so the next area of support is at 0.0260.
We're getting there.
Additionally, the daily RSI is <30, which is good enough for a potential mean reversion trade in the first place.
Note: this can still take weeks to happen. The key point is that it enters a range of interest where it makes sense to accumulate this position.
I'm not saying this will cause a massive run out of nowhere; I'm just saying this is the actual range where you'd be looking for positions.
If Ethereum becomes attractive, there are multiple other plays that are also attractive, and we could see some altcoin strength.
@Sykodelic_ Bro looks like it's over ,we are in a bear market and best case scenario is that bear market will last less than previous cycles, could you tell me one good reason for investors to go crazy risk on now on crypto?
Everyone misunderstands this.
Rising 10 year yield does not mark Bitcoin tops.
In fact, it has always marked the start of Bitcoins biggest moves, and aligned with the business cycle expansion, every single cycle.
If you want to understand more on Bitcoins current position and the overall macro, I have put together a 10 minute read article, covering everything you need to know.
You can read it on my Substack with a free trial for 7 days, see if you enjoy the content.
Check it out in the comment below chads.