The cryptocurrency analysis company Alphractal analysts have evaluated the recent developments in the market and highlighted the correlation between altcoins and Bitcoin. They stated that when the correlation drops to low values, it indicates high-risk areas for the market. The analysts also noted that altcoins have now started to follow the price movements of Bitcoin, falling when Bitcoin falls and rising when Bitcoin rises. They believe that BTC dominance may stabilize or continue to rise. Additionally, the analysts discovered that Chainlink's price is being tracked by crypto whales on cryptocurrency exchange Binance. They mentioned that the difference between whales' long and short positions compared to retail investors has been consistent with LINK's price action, indicating that larger investors exhibit better direction and resilience. The article emphasizes that this information is not investment advice.



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