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BitcoinSistemi 2025-02-03 20:49:09

Analysis Company Speaks About Altcoin Season – Is the Fall an Opportunity? “Watch Out Here!”

Cryptocurrency analytics firm Alphractal has released an update on the state of the altcoin market, stating that it is a crucial moment for investors as the Altcoin Season Index has reached an extreme level. The firm suggests that this could be an accumulation opportunity for some altcoins, but caution should be exercised due to market conditions. According to Alphractal, the daily Altcoin Season Index with a Percentage Change period of 60 shows that the market is returning to Bitcoin Season territory. This shift has led to an increase in Bitcoin dominance, making the current period very important for altcoins. Short-term indicators paint a different picture. According to the analytics firm, the Altcoin Season Index on the 1-hour timeframe suggests a sharp decline in altcoin prices, indicating volatility. Some traders may interpret this decline as a buying opportunity, but Alphractal advises caution. Only 30-40% of altcoins currently display a daily RSI in the oversold territory, meaning many assets, especially those that have recently risen, could still face further corrections. Related News: Beware: Tomorrow Could Be An Important Day, Critical Cryptocurrency Meeting to be Held in the US - Here is the Event Time The market sentiment of large investors or ‘whales’ adds another layer of concern. Alphractal’s Whale and Retail Delta analysis shows whales either holding short positions or reducing their exposure to long positions. Notably, while there has yet to be significant interest in long positions following the recent pullback, individual traders continue to be more willing to enter long positions. While some accumulation is reasonable, given the high leverage that individual investors are exposed to, risk management is crucial, Alphractal warns. *This is not investment advice. Continue Reading: Analysis Company Speaks About Altcoin Season – Is the Fall an Opportunity? “Watch Out Here!”

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