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Bit360

09/11 07:35

Altcoins rally, Bitcoin stalls – What BTC traders

Altcoins rally, Bitcoin stalls – What BTC traders should know!

Altcoins could gain more strength over Bitcoin. Here’s why?

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A fractal pattern in the past day suggests that Bitcoin could decline in value, while altcoins take center stage. Liquidity is shifting as inflows continue to move in favor of altcoins in the market.

Bitcoin [BTC] could be taking a step back in its rally as investors appear to be diverting liquidity into altcoins.

However, Bitcoin’s performance in the past day has remained relatively stable, with no major gains as the asset held at 0.31%. In contrast, several altcoins have attracted investor attention, recording double-digit percentage gains.

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The liquidity shift was initially triggered by a growing divergence: altcoin Open Interest (OI) surged while Bitcoin’s price stagnated.

Historically, such divergences have triggered notable declines in Bitcoin while providing a runway for altcoins to stage strong upward moves.

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