As it relates to altcoins — there still isn’t a strong reason to hold them
ALTs typically only rally against BTC if BTC first moves to new highs
As it relates to altcoins — there still isn’t a strong reason to hold them
ALTs typically only rally against BTC if BTC first moves to new highs
Rather than holding a basket of alts hoping for alt season, holding BTC is a reasonable alternative if the cycle top isn’t in. If BTC reaches ATHs, a rotation into alts can be evaluated afterward
If the BTC cycle top is already in, this approach at least avoids the pain of buying alts
BTC dropping is unpleasant, but BTC would likely be among the first to recover to new highs in a future cycle, while many alts could continue falling
The base case for ALT/BTC pairs is a roughly 30% drop over the coming weeks
If that occurs, a reassessment of the situation will follow