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"Analysis of this round of market trends: the different trends of Bitcoin and alts"
In this big dump of the market, Bitcoin's performance is quite unique, it didn't even fall below the low point on the 23rd. However, AltCoins are in a 'bloodbath' situation, which is exactly as predicted last week.
The reason for Israel's attack on Iran has caused some smart money to sell AltCoins and buy BTC due to the demand for safe haven, which in turn has led to a big dump of AltCoins. Currently, most AltCoins are still in the speculative stage, while BTC has real safe haven properties and has been bought and held by institutional Large Investors represented by Wall Street.
As mentioned in previous articles, when Black Swan Events such as Iran-Iraq or Russo-Ukrainian wars occur, there will definitely be a big dump of Unfavourable Information in the short term, because the basic thinking of large funds is to pursue stability. When the crisis erupts, if it is proved to be within a controllable range and the crisis can create new opportunities and application scenarios for BTC and Crypto Assets, then a Rebound will soon come, but the main one that rebounds will be BTC, and many Alts may collapse as a result.
#BTC