BITCOIN 🚨 ALTCOIN 🚨 Crolla tutto......

Summary

In this video, the creator discusses the recent market correction of Bitcoin and altcoins, emphasizing a significant liquidation event that resulted in a 30-50% drop for many altcoins. Despite the panic, the creator suggests that the correction is a healthy reset for the market, potentially setting the stage for a rebound. Attention is also given to the Bitcoin dominance, which has risen, and how altcoins might perform in the near future. Additionally, there's speculation on the impact Microsoft might have on Bitcoin's price depending on their investment decision. The creator remains bullish on altcoins, especially after the liquidation event.

Takeaways

• 😀 Bitcoin experienced a mild correction of -6.7%, but altcoins suffered much larger losses, with some down 40-50%.
• 😀 Altcoins are highly leveraged, leading to mass liquidations across the market, especially in altcoin positions.
• 😀 The massive liquidation event is the largest since 2021, with $1.7 billion in liquidations, mainly in altcoins.
• 😀 Although Bitcoin's correction was relatively minor, the leverage exposure on altcoins caused a severe price drop for many altcoins.
• 😀 After the correction, the funding rate for altcoins normalized, which is seen as a positive sign for future market stability.
• 😀 The Bitcoin dominance saw a surge, indicating a temporary shift towards Bitcoin, but this might reverse in favor of altcoins soon.
• 😀 The Total 3 index (excluding the top 10 cryptos) shows that altcoins could recover and go higher, especially for smaller and mid-cap altcoins.
• 😀 December tends to bring volatility in the crypto market as institutional investors make moves for tax-related purposes, affecting both Bitcoin and altcoins.
• 😀 Microsoft could be on the verge of deciding whether to invest in Bitcoin. This decision could have significant market implications.
• 😀 If Microsoft decides to buy Bitcoin, it could trigger a sharp price increase for Bitcoin and altcoins, similar to Tesla's 2021 Bitcoin purchase.

Q & A

What caused the significant correction in altcoins mentioned in the video?

The correction in altcoins was primarily triggered by a sudden 6-7% drop in Bitcoin's price, which caused a liquidation event. Many traders had highly leveraged positions in altcoins, and when Bitcoin's price dropped, it caused a massive sell-off in altcoins, with some losing 30% or more.

How does the correction in altcoins impact the overall market?

The correction in altcoins, while severe, is seen as a healthy market reset. It eliminates highly leveraged positions, which can be problematic in the long run. This kind of correction can set the stage for stronger growth in the future, especially as market conditions stabilize.

What does the presenter think about the Bitcoin dominance after the correction?

The presenter believes that the Bitcoin dominance may have peaked after the recent correction, as Bitcoin's dominance saw an increase. However, he anticipates that this dominance will likely decrease again, which could signal a resurgence for altcoins.

What significance does the upcoming Microsoft decision about Bitcoin have on the market?

The potential decision by Microsoft to start investing in Bitcoin could have a significant impact on both Bitcoin and altcoins. Given Microsoft's stature as the third-largest company globally, its decision could inspire other companies to follow suit, possibly leading to further price increases in Bitcoin.

How does the presenter view the potential impact of institutional involvement in Bitcoin on altcoins?

Institutional involvement in Bitcoin, especially from large corporations like Microsoft, is seen as a positive for the entire crypto market. While Bitcoin will likely see the most direct impact, the altcoin market could also benefit due to the overall increased legitimacy and investment in the crypto space.

What is the presenter’s outlook for the next few weeks in terms of Bitcoin and altcoin prices?

The presenter suggests that if Microsoft’s decision to invest in Bitcoin is positive, both Bitcoin and altcoins could reach new highs. However, if the decision is negative, the market may experience more lateral movement or further corrections before rebounding.

Why does the presenter find the Bitcoin and altcoin funding rates important?

The presenter monitors funding rates as an indicator of market sentiment. When funding rates are neutral, it indicates that the market is more stable and less risky, making it safer to take leveraged positions. This neutrality is seen as a good sign for potential future gains in both Bitcoin and altcoins.

What is the significance of the Total 3 chart in the analysis of altcoins?

The Total 3 chart, which tracks all altcoins excluding the top 10 cryptocurrencies by market capitalization, is used to assess the overall health of altcoin markets. A recovery or support found on this chart after a correction indicates potential for a future rally in smaller and medium-cap altcoins.

What advice does the presenter give to newer traders in light of recent market volatility?

For newer traders, the presenter advises learning how to understand market dynamics, especially in volatile conditions. He emphasizes that corrections, while unsettling, are often part of the cycle in a bull market, and that staying informed and patient can lead to stronger returns over time.

What are the presenter’s next trading plans based on current market conditions?

The presenter plans to remain exposed to altcoins and to look for opportunities to trade with leverage, particularly in altcoins that have recently found support. He also plans to focus on Bitcoin's potential to hit new highs, with an eye on key levels like $90,000 for potential long positions.