A crypto strategist believes that money invested in Bitcoin is unlikely to rotate into altcoins as seen in previous cycles. The analyst highlights that investors like MicroStrategy and those involved in Bitcoin spot ETFs are major bullish catalysts for Bitcoin, but they are unlikely to move their profits into altcoins. The analyst also mentions that there are now more digital assets and not enough liquidity to support an altcoin season. Additionally, the strategist suggests that the cryptocurrency WIF may be gearing up for a breakout after a significant correction.
Content Editor ( dailyhodl.com )
- 2025-01-30
Money in Bitcoin Unlikely To Flow Into Altcoins, According to Veteran Trader – Here’s Why
