Altseason, A Blood Sacrifice
Altcoin Data Newsletter Premium
Hello Everyone!
Man oh man… was everyone awake yesterday? If you were, then you probably felt for a moment that everything was over as the biggest liquidation event in crypto history took place.
The total liquidations in the past 24 hours totals 2.1 billion. Wow!
Some people were quick to blame the recent tariffs Donald Trump placed on Mexico and Canada for the loss, but I think this has nothing to do with it. I’ll have a detailed explanation of my thoughts in the newsletter.
According to Coinglass ETH was the biggest loser here but we know with our eyes that the real loser here was Altcoins. I think I can speak for many people when I say the underperformance we have seen from alts this cycle has been frustrating.
In December, I announced that I believed Altseason had begun, but where is this Altseason?
Bitcoin dominance V2 has made a sharp rally and even put in new highs, so clearly something is off… Bitcoin continues to get stronger and stronger against Alts.
Some fear a decoupling, whereby Altcoins take a complete backseat this cycle while Bitcoin absorbs all the attention. I will be explaining why I don’t think this should be a concern, and why still after all we’ve seen I trust that Altcoins will do well this cycle.
There’s a lot to talk about this newsletter, so let’s not waste any more time!
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