Altcoins: Capital Shifts to BTC and ETH as Losses Hit 5.69%
A tweet from @simplykashif citing Wintermute data shows capital moving from altcoins to BTC and ETH while altcoins drop 5.69% over the week, with BTC required to advance before any broad altcoin rally resumes.
SourceAnalysis
More capital is moving from altcoins to BTC and ETH as altcoins fall 5.69% in a week, according to Wintermute data posted by @simplykashif. BTC trades at $83124.68 inside its Bollinger bands with upper resistance at $83315.0, while the 50-EMA at $82326.57 and 200-EMA at $82066.11 provide layered support beneath price; the MACD golden cross at 199.91 keeps the 4h structure bullish yet the neutral RSI at 59.24 leaves room for consolidation before any decisive extension higher.
Kashif Raza
@simplykashifThis personal account shares perspectives on technology startups and digital innovation, with content spanning AI advancements, software development trends, and entrepreneurial strategies for building tech-focused businesses.