POSUDIK
@posudik
487 Following
421 Followers
0 reply
0 recast
0 reaction
0 reply
2 recasts
16 reactions
0 reply
0 recast
31 reactions
0 reply
0 recast
28 reactions
0 reply
0 recast
41 reactions
0 reply
0 recast
6 reactions
0 reply
4 recasts
4 reactions
0 reply
0 recast
7 reactions
🫡 ALTSEASON. Read.
>>> “When will altseason happen?!”
Most top altcoin founders have a lot of BTC & ETH. These two assets are the oldest in crypto, and because of this, they contain all the liquidity in the market. Any altcoin has a mission for its founder—to gain profit: more BTC, more ETH, more USDT. Because of that, from time to time, we see weak altcoins and a strong Bitcoin. At this moment, they buy and pump altcoins a lot.
The top chart is Bitcoin Dominance against other tokens. And now (31 Oct 2024), we see Bitcoin at an all-time high and altcoins nearly dead. But wait for it; you will see that liquidity will jump into your favorite token.
The bottom chart is DXY, meaning the dominance of the dollar against other currencies. That’s why I think the Bitcoin team (corporations, not Satoshi) built a fiat-like system, and we should expand this theory to understand more.
Remember, the end of 2025 - the end of the bull market. 0 reply
0 recast
7 reactions
0 reply
0 recast
3 reactions
1 reply
0 recast
9 reactions
0 reply
0 recast
10 reactions
0 reply
2 recasts
11 reactions
2 replies
2 recasts
15 reactions