In the crypto currency market, Bitcoin’s rise attracts the attention of investors, while the future of the Altcoin market continues to be a matter of curiosity. While the profits obtained from Bitcoin in the latest market cycles are directed to the subcoins, some experts think that this tendency is now changing. In particular, the interest of large investors and institutional funds to Bitcoin may cause Altcoins not to capture the expected rise. Meanwhile, the analyst pointed out that his expectations for WIF, a popular breast coin. Here are the details…
Analyst touched on the Bitcoin-Altcoin money flow
An important analyst in the crypto currency market, Bitcoin (BTC) money deposited money, as seen in the previous cycles to shift to the Altcoin market, he says. In this cycle, Analyst emphasizes that the intense interest in Bitcoin will focus on the strong performance of BTC rather than supporting the Altcoin market. Crypto strategist The Flow HORSE said to 259,500 followers in the social media platform X, most of the investors who are effective in the rise of Bitcoin will not turn to the subcoins. According to the analyst, Microstrategy’s large BTC purchases and Bitcoin Spot Stock Exchange Investment Funds (ETFs), directed by Michael Saylor, changed the current structure of the market. Analyst said:
The money that buys and raises Bitcoin is independent of this market. These are ETFs and Saylor’s investments. Most people entered the Altcoin market, thinking that this flow would also turn to Altcoins. However, most of these investors are trading on platforms such as Interactive Brokers (IBKR) and Thinkorswim. The structure of the market has changed, you will lose if you do not comply.
Analyst also thinks that the process known as the “Altcoin season ği, which was experienced in the previous cycles and left behind Bitcoin behind Bitcoin, is no longer possible. The main reasons for this are the significant increase in the number of crypto assets in the market and the inadequate liquidity is insufficient. Analyst said:
The concept of Altcoin season is no longer working as before. Of course there will be some rotations, but it is not realistic to expect a general rise. There are too many useless projects on the market and there is not enough money to raise them.
Breast Coin Review Arrived
The analyst draws attention to the Bitcoin dominance rate (BTC.D) and says that 59.88 %of the current market value belongs to BTC. Investors use this metric to see how strong the subcoins are compared to Bitcoin. On the other hand, the analyst has recently mentioned the breast Coin Dogwifhat (WIF). Stating that WIF has fallen below $ 1, The Flow Horse said that these levels can offer a purchase opportunity.
To be frank, this can be the most suitable area for those who are thinking of taking risks for WIF. Check out the prices listed in Binance and the withdrawal.
