Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
pawel7777
on 04/08/2025, 22:10:33 UTC
Apparently the daily inflows of bitcoins to Binance have increased to almost 7k. This was due to whales sending their money to the exchange, but the short-term speculators also joined in.
I guess we have approached the stage where even those who are optimistic about the market are looking to realise some profits by selling at least a portion of their stashes. But it's also possible that some of the sellers decided to convert bitcoins to altcoins, as we have some signs that the altcoin season might finally be kicking in.
Bitcoin's price recovered from week's low of $112k to $115k. Some of the top alts are showing much better daily growth, but they also got hit harder during the recent dip.
Not muh change in terms of BTC's dominance. We're slightly below the 61%.