The constant failure of bullish attempts caused dismay among altcoin investors. ETH reached the ATH level, albeit for a short time, and BTC formed very good peaks despite its fluctuating course. But altcoins in general faced losses exceeding 80% last year. This situation caused investors to sell at a loss in the last quarter out of fear. So when is the real rise?
The Real Rise in Cryptocurrencies
nowadays BTC recovers and many in altcoin Investors who forget about the sudden declines in the last quarter are excited because we saw a double-digit increase. However, as we have experienced countless times, resistance tests have been unsuccessful for a long time, and those who jumped on the train to avoid being left out during the rise, came to their senses when the wagons overturned.
Many investors do not believe in the ongoing rise for this very reason. So, is there any way to understand whether the rise is real or not? It is impossible to say this by looking at a single metric, the combination of many metrics and market conditions decide whether the rise is real or not. CryptoQuant analyst Darkfost reminded today that stablecoin flow is one of the necessary signals “to be convinced of the rise.”
The analyst sharing the chart above looks here to understand investor behavior and therefore current conditions. If demand is high, prices rise strongly and the rise continues as long as demand remains strong. So is demand increasing?
“Looking at the chart, it may not seem significant at first glance, but the weekly average has risen from $51 billion to $81 billion within a week. The 90-day average continues to decline and has now reached $100 billion. Regaining levels above this threshold would not be trivial. If stablecoins continue to flow into exchanges and are effectively distributed into the market, this will clearly be a positive signal.”
“However, this will need to be accompanied by additional developments to sustain ongoing change.”
In summary, the recent rise can really raise hopes, but to be sure of the rise, it may be a better option to wait and continue to observe since we are still in the early stage of this movement. The situation in the ETF channel provides us with a separate signal, on Friday the inflow of over half a billion dollars was positive, but this should continue next week.
Bitcoin (BTC) and Altcoins
Quinten thinks the altcoin market capitalization, based on the $1.27 trillion resistance zone, is at a decisive moment. In addition to the metrics we will monitor in the first part, it will also be important whether the $1.27 trillion resistance is broken or not. If the bulls are successful, there will be $1.65 trillion and some in altcoins We could see a rally leading to gains of over 100%.
Analyst with the pseudonym Altcoin Sherpa BTC He’s focused on his chart. The decision zone for him is 93 thousand dollars.
“BTC, there are 2 levels I’m watching here: the current 90k and then the 93k area. We haven’t seen a daily close above this level in 3 weeks, which is nice… but we’re still in a general range for months. There’s really no wild rise until the 93k level is broken for sure.”
