Weekend is the time for altcoins
Friends, let's break one news today and an interesting thought on it. On February 29, investors from Grayscale decided to sell a large volume of positions before the weekend.
The outflow from the fund was $598.9M. They saw the dump and ran to withdraw money. But despite this volume,
bitcoin continues to stand above 60k. As always, other investors from Blackrock came to the rescue, who bought for an even larger amount - $603.9M. )
Today the market is starting to recover after a small correction. But, there is one point. Arkham (service for analytics) gave a new notification:
someone sent 10K BTC from Grayscale wallets to Coinbase. Also remembering the patterns of the past bull run. Weekends tend to mark the time for altcoins. Weekdays the bitcoin grows, and over the weekend the altcoin catches up with it.
Now this pattern may even intensify, as bitcoin liquidity has become even more dependent on traditional markets, and they do not work on weekends.
Therefore, it is logical that weekdays are the time for bitcoin, while weekends are for alta. Do you support this theory? - Yes
- No
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