Altcoins in Retreat: Profit-Taking and Macro Shifts Keep Bitcoin on Top
Hey everyone, first of all let's do a recap as of current to monitor the crypto market.
Currently we're still in a range with support around the $3.22 Trillion mark. The weekend showed some downward momentum however it does appear that we are recovering thank goodness. What happened? We'll explore later but let's get through some of our current data.
Institutional investors also were spooked over the weekend as per ETF net flow data. For now I will reserve my interpretation of this but also include that the data to me suggests available liquidity.
The fear and greed index indicates that we are slipping into more conservative territory. This to me indicates increased market uncertainty. Re the Altcoin Season Index, Bitcoin retains its hold over the crypto market, not a bad thing, but in my eyes, retail investors may be feeling quite exhausted at this point, samesies. Let's try and extrapolate some of this data now and find some articles on what could be some possible causes.
Cryptonews article reports forced liquidations totaling $841 million, with BTC briefly dropping below $105K. This aligns with the pre-weekend market conditions, where we were firmly in greed territory—encouraging traders to go long and take on increased risk.
Based on the altcoin season index, investors really aren't looking at any more additional risk, making BTC the safe haven for now while we wait and monitor for any potential catalysts to suggest we can be more risk-on. Sit and wait peeps. Just know, if you're bag holding BTC right now, your sitting pretty being close to ATH, with any potential upsides more in BTC's favour rather than alts.
Altcoins have slumped due to profit-taking and macroeconomic uncertainty, including U.S. tariff proposals, while Bitcoin remains stable, institutional interest stays strong, and upcoming inflation data may influence market direction. We'll continue to monitor.
Let's take at look at my SUI DCA:
Still running. It's interesting to me seeing how every time I am investing in, the price dips. haha! Buying average is still evening out/lowering and with potential gains in the future as I believe due to the fundamentals of SUI, I believe it will be worth it. Anyways, as said, just wanting to take you along this unique journey with me and we can see real time if this strategy works granted we are doing our own research about the project we are investing into.
Would you like me to delve deeper into any specific projects/ altcoins? Perhaps this could help you make decisions for your own portfolios. Let me know. Thanks for reading!
Disclaimer: This article was reviewed for spelling, grammar, and cohesion with AI assistance. All insights, ideas, and experiences are solely expressed by the author, me :)