👀 Crypto market review.
〽️ Uptober lives up to its name again. Current growth is driven by record BTC-ETF trading volumes. BTC is only $100 short of ATH.
📊 Indicators:
😨 Fear and Greed Index — 72
💲 Alt Season Index — 29
📈 Long/Short Ratio — 54/46
💰 Crypto market capitalization — $2.36 trillion.
👑 Bitcoin dominance — 59.68%
😱 Fear and Greed Index has hit the extreme greed zone — 77, which may indicate that the market is overheated and the likelihood of a correction is increasing. So it's too early to relax.
📈 However, there is no expected growth of altcoins. Because BTC dominance eats up a shitty part of the market, not giving alts a chance. However, this cannot last forever and the first signs of a reversal are already appearing.
💵 Yesterday, the net inflow into the BTC-ETF was +$870.1 million.
The net inflow into the ETH-ETF was +$7.6 million.
🪙 Interesting fact - when BTC reaches $72,500 - 99% of holders will be in profit!
🕕 The value of BTC on the balance of MicroStrategy e...
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🔺 OTHERS DOMINANCE UPDATE
Dominance of Altcoins has reached a crucial ascending trend line that has started forming since 2017!
You can tell how big this trend line is, candles are that small while each one is 1W. Usually, the dominance bonuses from there, let’s see what will happen this time.
Breakdown of this trend line will suggest significant changes in crypto market setup. As long as it holds, holding Altcoins is safe.
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👀 Crypto market review.
〽️ Awesome — the entire market is green. BTC is showing good growth amid expectations of positive reports from tech giants during the week, as well as the results of the US elections. Now BTC has only just begun to catch up with what began on the fund. All that remains is for altcoins to grow.
📊 Indicators:
😨 Fear and Greed Index — 72
💲 Alt Season Index — 29
📈 Long/Short Ratio — 54/46
💰 Crypto market capitalization — $2.36 trillion.
👑 Bitcoin dominance — 59.68%
🚀 BTC growth did not particularly affect market capitalization, since only its dominance is growing. However, everything can change dramatically, since Historically, American stocks are dumped a week before elections (this happened in 2016 and 2020).
📈 Against the backdrop of the growth of the crypto market, Bitcoin miner shares have fucked up by an average of +10% - +20% per day.
💵 Yesterday, the net inflow into the BTC-ETF was +$479.4 million. The net outflow from the ETH-ETF was -$1.1 million. The ca...
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