cryptofamily

Repeatedly digested AI is again served as the “dish of the day”

◽️ The crypt, unlike NASDAQ and S&P 500, is more associated with the Russell 2000 index (especially alts). And it opened in the red here. Moreover, this is the 7th session in a row, which will most likely close with a red daily candle. Hence such a weakness in some altcoins like SOL. Liquidity is again migrating from one asset to another according to the principle of “if some token is in the black, then some is in the red”.

➡️ Globally, the picture looks like an attempt to squeeze everything possible while the Christmas rally is going on. Most of the assets are either on historical highs or on this year’s highs. S&P 500 has not been adjusted since August, and if you look at the big bullish cycle, it lasts for the index since October 2022.

By the way, it is very important to understand - when someone argues that “the bull has just begun”, he forgets that the bull has lasted for more than 2 years. You just have to look not at your specific altcoin in the portfolio, but at American indices. The crypt begins to grow relative to them with a lag, but it falls earlier.