📉 Altcoin Market Update: The Trend is No Longer Your Friend?
The altcoin structure we’ve watched for over a year has officially broken. The rising trendline for the Total Market Cap (excluding BTC & ETH) is lost, and the data isn't looking pretty.
Key Takeaways:
🔹The Drop: We are down roughly 35–40% from recent highs.
🔹The Sentiment: This isn't a "flash crash" or retail panic. It’s a calculated exit of capital from high-risk assets.
🔹No Demand: We haven't seen a strong "buy the dip" reaction yet, which is a major red flag.
What’s Next?
Unless we see a rapid reclaim of this broken trendline, we are firmly in a distribution-to-decline phase. Don't mistake this for "accumulation" just because prices are lower.
This is how alt seasons typically wind down: slowly, then all at once. ⚠️
Stay cautious and manage your risk. Capital preservation is the name of the game right now. 🛡️