Altseason? Analyst Claims Sticking With Bitcoin (BTC) May Be Safer For Now

Fundstrat’s prominent head of research, Tom Lee, recently took to Twitter to remark that one of the “pre-conditions” for historical altcoin rallies is coming to life in the current cycle. This precursor, for those unaware, is a drop in the correlation between the crypto asset class at large and Bitcoin (BTC) itself.

1/ Since 2015, one of the “pre-conditions” for the start of alt-season is a drop in the correlation between Alts and $BTCThis drop in correlation has started recently (lower part of chart and scale is inverted)This is a data point to suggest alt-season could be underway…

Original source

Add comment

Please Sign in to be able to leave comments.