Do you ever find yourself watching 10 different altcoin charts, only to realize they are all just perfectly copying Bitcoin's every move? 😅
Understanding correlation can save you from taking on way too much hidden risk! If you are long on 5 different altcoins, but they all heavily rely on BTC staying bullish, you don't actually have 5 diversified trades... you essentially just have one massive Bitcoin long! 📉
Always be aware of how your bags move together. Sometimes, managing risk means knowing when not to hold highly correlated assets all at once. 💵
How do you manage your portfolio when everything seems glued to BTC? Let me know below! 👇