Bitcoin (BTC) remains strong around $65,000, while altcoins are experiencing significant losses, with some dropping by as much as 197%. The altcoin market has been facing challenges with many coins plummeting in value over the past few months.
$BTC -3% Alts: https://t.co/SBVr9Nj5yc
BTC -2% My Alts -197%
$BTC retraces 1% and ya'll sent ALTS capitulating SMH 😏
The last 3 months have been like a mini-bear market for many alts. From March local highs: $AEVO: -88% $MAVIA: -84% $DYM: -83% $WEN: -81% $SATS: -81% $WLD: -79% $PYTH: -77% $ALT: -76% $STRK: -75% $DYDX: -74% In 2022 when alts were down ~90%, we had: Luna+Celsius+FTX collapse No… https://t.co/QNMLNGOd2S
BTC is 65,5k and Alts are getting the biggest lobotomy ive ever seen now imagine BTC is in 40s LOL
BTC is stronger than expected in large part due to the S&P relentlessly crushing it Alts are weaker than expected in large parts due to people just getting giga-crushed trading dogshit while new participants seem largely uninterested BTC needs to go up for alts to survive this
Alts are printing another -10% daily candle while BTC is 66k