#altcoins
❌ Is the alt-season canceled?

From the market review from the market maker Wintermute - retail investors have started rotation from altcoins back to BTC and ETH. Institutionals have been steadily buying BTC and ETH since the summer.

➤ BTC domination is growing steadily throughout the second half of the year.
➤ Altcoins are sinking under the burden of token unlocking.
➤ Capital is concentrated only in BTC and ETH.
➤ The market is on the side due to holidays and low liquidity.

Conclusion: The alt season is possible, but not now. First, BTC should gain a foothold higher and show strength. In the short term - sideways and shake-ups from liquidations. In the medium term, institutionals will ensure growth.

@Сryptoz ₿