DXY has been moving sideways for 7 months, and altcoins are almost wiped out by rapid declines.
You thought there would be a direct crash or an immediate start to an altcoin bull market, but in reality, the DXY just won't go down, and BTC.D remains stagnant at high levels.
The past two bull cycles have both confirmed that "DXY pullback + BTC.D plunge = altcoin explosion," but this time, maybe we just aren't patient enough.
Perhaps their correlation has already weakened?
The market structure has changed. Sentiment is no longer synchronized, and the dollar correlation has weakened. Capital does not favor altcoins.
Altcoin rallies may have just been a way to attract people to crypto in its early stages; it's just a product of an early narrative.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
2 Likes
Reward
2
8
Repost
Share
Comment
0/400
IDon'tUnderstandBtc
· 21h ago
Stay strong and HODL💎
View OriginalReply0
IDon'tUnderstandBtc
· 21h ago
Stay strong and HODL💎
View OriginalReply0
IDon'tUnderstandBtc
· 21h ago
View OriginalReply0
Iceiceice
· 21h ago
Just go for it 💪
View OriginalReply0
Iceiceice
· 21h ago
Only when life and death come into view do we realize that love is but desire.
View OriginalReply0
Iceiceice
· 21h ago
Excelling at work leads to learning, excelling at learning leads to officialdom.
#Gate广场圣诞送温暖
DXY has been moving sideways for 7 months, and altcoins are almost wiped out by rapid declines.
You thought there would be a direct crash or an immediate start to an altcoin bull market, but in reality, the DXY just won't go down, and BTC.D remains stagnant at high levels.
The past two bull cycles have both confirmed that "DXY pullback + BTC.D plunge = altcoin explosion," but this time, maybe we just aren't patient enough.
Perhaps their correlation has already weakened?
The market structure has changed.
Sentiment is no longer synchronized, and the dollar correlation has weakened.
Capital does not favor altcoins.
Altcoin rallies may have just been a way to attract people to crypto in its early stages; it's just a product of an early narrative.