The feeling of the cryptographic market has become fear, with signs that show that investors are temporarily going back to advance more by the risk curve, according to sources of feelings.
“It is clear that merchants are less interested in the dark Altcoins and, on the other hand, they are discussing what great asset will break below,” said Santiment Santimenta in a report on Saturday.
Santiment said that the encryption market focuses more and more on larger capitalization crypto assets such as Bitcoin (BTC), Ethher (ETH) and XRP (XRP). “An intense approach to large values can indicate a more cautious or” risk “between merchants,” said Santiment.
Bitcoin’s price “is still undecisive”
It comes in the middle of the growing calls from merchants for an Altcoin season. However, Bitfinex analysts recently said that it may not reach until more cryptographic ETFs are potentially launched at the end of this year.
Meanwhile, on Sunday, the Crypto Fear & Greed index, which measures the general feeling of the Crypto market, published a “fear” score of 44, after publishing “neutral” readings in the previous two days.
Some merchants also question the short -term address of the main assets Cap. On Saturday, the merchants of Cryptoe Daan Crypto Traders said that the price of Bitcoin “is still undecisive.”
“My base case scenario remains to be seen of the monthly minimums, which should cause some panic and fear of losing $ 100K,” said Daan Crypto Trades.
During the month, Bitcoin has dropped by 5.38%, while Ether increased 9.44%, according to Coinmarketcap.
However, other indicators suggest that the market is still lowering the risk curve.
The “final shake” for Altcoins, says Trader
On Sunday, the Coinmarketcap Altcoin season index published a “Altcoin” 56 of 100 score. The indicators between the Altcoin season and the Bitcoin season based on how the 100 best alternatives have had a performance against Bitcoin in the last 90 days.
Crypto Trader Rekt Fencer said: “This is the final jolt for Altcoins.”
Meanwhile, the founder of Mn Trading Capital, Michael Van de Poppe, said the Altcoins are “extremely undervalued.”
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“The cycle has shown that this cycle is completely different from the previous cycles,” said Van de Poppe.
On Friday, Bitcoin Planc analyst echoed a similar feeling.
“Anyone who thinks that Bitcoin has to reach his maximum point in the fourth quarter of this year does not understand statistics or probability,” said the analyst in an X position, arguing that trusting the three previous half cycles of half of the previous half does not provide enough statistically significant data.
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