WTF? Is history really about to repeat itself?
Currently, BTC is rallying with volume,
while ETH/SOL are experiencing a drastic drop with shrinking volume—
this is referred to in the crypto space as a "bloodsucking market."
I believe the underlying logic behind this phenomenon is:
Before global liquidity completely dries up
(related reading https://x.com/compose/articles/edit/2049907000130297856)
the crypto market is cannibalizing itself, turning on each other.
Before the storm hits, the first response from big players is to reduce risk exposure.
ETH and SOL are the riskiest of risk assets,
whales and institutions will prioritize dumping them,
exchanging funds for the relatively resilient BTC
or even directly swapping to USDT to exit the scene.
So, where is the trading volume for the big coin coming from?
Part of it is due to short positions getting liquidated, leading to forced buying,
while another part is retail investors chasing the BTC rally.
Looking back at historical data,
whether it was the 69k in 2021
or other major tops, in the final stages before peaking.
Almost always, BTC surges or consolidates with leverage,
while altcoins have already entered the main downtrend early.
A massive crash is imminent; this is not a drill.
It’s just history once again quietly aligning.
What do you think, my friend?
#VScythe Market Analysis
Currently, BTC is rallying with volume,
while ETH/SOL are experiencing a drastic drop with shrinking volume—
this is referred to in the crypto space as a "bloodsucking market."
I believe the underlying logic behind this phenomenon is:
Before global liquidity completely dries up
(related reading https://x.com/compose/articles/edit/2049907000130297856)
the crypto market is cannibalizing itself, turning on each other.
Before the storm hits, the first response from big players is to reduce risk exposure.
ETH and SOL are the riskiest of risk assets,
whales and institutions will prioritize dumping them,
exchanging funds for the relatively resilient BTC
or even directly swapping to USDT to exit the scene.
So, where is the trading volume for the big coin coming from?
Part of it is due to short positions getting liquidated, leading to forced buying,
while another part is retail investors chasing the BTC rally.
Looking back at historical data,
whether it was the 69k in 2021
or other major tops, in the final stages before peaking.
Almost always, BTC surges or consolidates with leverage,
while altcoins have already entered the main downtrend early.
A massive crash is imminent; this is not a drill.
It’s just history once again quietly aligning.
What do you think, my friend?
#VScythe Market Analysis