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What’s behind ‘bearish’ altcoin action: Amberdata

What’s behind ‘bearish’ altcoin action: Amberdata
The article discusses the bearish week for cryptocurrencies, particularly altcoins, and highlights the unlimited supply of altcoins as a bearish factor. The author mentions the division between the hard money narrative of Bitcoin and the more speculative nature of altcoins. They predict that Bitcoin will continue to trade sideways between $85,000 and $100,000 for the next few months while altcoins may see a flush-out. The author also mentions the volatility in the ETH-BTC and SOL-BTC ratios, indicating a lack of retail flow and a potential speculative phase. Overall, the article suggests that while there may be bearish signs for altcoins, Bitcoin remains a solid narrative.

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