2021-06-11 17:52:07
Admin #Update
How come volumes are completely switched to btc? Rather than eth?
I know it’s a market trend/phase
But why? And how come everyone decides to switch to btc
Money flows going from ALTS to BTC after the dump from 60 to 30k have many reasons..
You have to understand that it always starts like that :
Whales switching --> pro traders --> amateurs --> full noobs
Usually the full noobs section switches at the end of a trend change making them again late for the next one until REKT comes.
First reason : during the dump, many alt/btc positions hits stop loss.
Second : after the dump, whales have already switched almost fully into BTC again followed by pros, amateurs..
Third : each BTC move will afffect ALTS which is another reason for the market players to be in BTC.
These are not all the reasons, just tried to explain it for the beginners.
For the " how come everyone decides to switch to btc ? "
I'm not sure everyone is in full BTC or BTC and USDT now, even if I warned about ALTS I'm almost sure that many of my members are still heavily exposed on them, and the whales to newbies switching cycle will play on them again badly.
If you see around you, many people are looking for long in ALTS when shorts started to be more profitable.
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