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STRK up 5%, OP up 3%. At the same time, Bitcoin dropped more than a point, and Ethereum is also falling. The whole market is red, but on the L2 side, it's green.
What's interesting isn't the rise. L2 has been falling for half a year, anyone can make it rise in a day. What's interesting is the opposite direction. In the past few months, Bitcoin fell while altcoins followed and crashed; when Bitcoin rose, altcoins didn't follow. Today, Bitcoin is falling, but L2 is rising.
But I looked at the volume, it's as thin as paper. Just one large trader’s buy order can create this bullish candlestick. It’s not sector rotation. It’s that there’s too little money in the market, and a tiny amount—like a fingernail—can carve the words "turning" on the candlestick chart.
I'll only take it seriously if it stays here for two days. I’ve seen too many rebounds with no volume. $BTC $ETH