Traders lose the most money when the market is rangebound, sideways.
Bitcoin has been sideways for a while and it is likely to do so for as long as it is necessary for the Altcoins to recover.
If Bitcoin were to produce its next leg-down without allowing time for the altcoins to recover, it would be too damaging for the market.
So Bitcoin sideways is activated and the whales start to "pimp" the altcoins.
People will eventually figure out that the altcoins are growing and all the attention will go there. By now, everybody is already conditioned that Bitcoin cannot drop because it has been almost 6 months yet prices stay the same. With the attention on the altcoins...
There was indeed a crash to $49,000 and this from a high of $74,000 but people cannot compute these things. The next leg-down is a lower low based on simple market dynamics.
Notice how there is always a very strong rejection below 62K. It used to be 70K but now it is lower... This dynamic will continue but first, Bitcoin sideways.
The altcoins can grow in a matter of weeks, specially when you see pairs growing 500% in a few days.
Bitcoins drop will result in a marketwide panic, initially, but these altcoins we are sharing now will recover so fast and the same day. The bigger projects will enter a long consolidation phase, the smaller ones will be on a strong bullish wave just like the big ones did late 2023/early 2024.
It is a complex game, it is wide but it can be understood if one looks at it deep enough.
I am doing my job. I read the charts.
What about you?
Time will tell who is right and who is wrong!
Meanwhile, the altcoins are going up.
Namaste.