Crypto Bull Market Confidence vs. Alt Carnage
Veteran CT voices remain bullish on Q4 alts, but real-time data shows brutal drawdowns — one coin fell 94% in 8 days while BTC is only 5% off highs.
What we know
An account on X is 'incredibly confident' they're early in the bull market but recommends avoiding leverage. Another account on X RTd another account on X calling Q4 'the best quarter for crypto alts in a very long time.' Yet ground-level data paints a darker picture: Another account on X shows a $40M MC coin collapsing to $2.5M in 8 days while BTC is only down 5%. @coinbase highlights continued institutional accumulation: BitMine buying $31M in ETH, Strategy buying $21M in BTC, and Tom Lee predicting ETH > $5,000 by year-end.
Sources
“BitMine buys 12,532 ETH worth $31 million. Strategy buys 250 Bitcoin worth $21 million.”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.