Crypto markets are down a further 2.7% on the day, with total capitalization falling to $3.6 trillion, and altcoins are taking the brunt of the fall.<\/p>\n
\u201cCapital is unlikely to rotate from BTC to alts because the majority of CT [crypto Twitter] is self-confessed to be mostly in altcoins,\u201d observed trader \u2018TXMC\u2019 on Jan. 29.<\/p>\n
Analyst James Check concurred, stating that it is \u201cvery clear\u201d before adding, \u201cCT is massively underinvested in Bitcoin, overweight alts, and specifically the alts that didn\u2019t go up.\u201d<\/p>\n
Hence, sentiment is rekt on a 1% BTC pullback, \u201cwhich results in a -30% on their portfolio,\u201d he added.<\/p>\n
I\u2019m working on quantifying this as we speak, and it\u2019s very clear.<\/p>\n
CT is massively underinvested in Bitcoin, overweight alts, and specifically the alts that didn\u2019t go up.<\/p>\n
Hence sentiment is rekt on a 1% BTC pullback\u2026it results in a -30% on their portfolio. https:\/\/t.co\/9g968usmw8<\/a><\/p>\n \u2014 _Checkmate (@_Checkmatey_) January 28, 2025<\/a><\/p>\n\n Meanwhile, trader \u2018Bluntz\u2019 told<\/a> his 314,000 followers on X:<\/p>\n \u201cThe altcoin capitulation while BTC is still above $100k is really something to behold, I don\u2019t think its ever been this bad before.\u201d<\/p>\n Ethereum is taking a lot of the pain as its prices fell back to $3,000 again on Tuesday before it managed to recover some ground. ETH has now dumped 16% since its January high of just over $3,700 three weeks ago.<\/p>\n The ETH\/BTC ratio continues to weaken as Bitcoin remains above six figures. It is currently at 0.03 and close to its lowest level for almost four years, according<\/a> to Tradingview.<\/p>\n ETH\/BTC chart looks like this and Vitalik comes lectures us on how things work.. pic.twitter.com\/0zSAGNKF2y<\/a><\/p>\n \u2014 CoinMamba (@coinmamba) January 28, 2025<\/a><\/p>\n\n There has been a lot of dissent and a leadership shakeup<\/a> at the Ethereum Foundation recently, which has put downward pressure on the asset.<\/p>\n However, there have been some bullish developments, such as the Donald Trump DeFi project, and World Liberty Financial continues to stack ETH.<\/p>\n Wow Trump again bought $10,000,000 of Ethereum in the last 2 hours.<\/p>\n He keeps on buying. LFG pic.twitter.com\/xUw1q7xYgG<\/a><\/p>\n \u2014 Ted (@TedPillows) January 28, 2025<\/a><\/p>\n\n Meanwhile, the odds that President Donald Trump will implement a national strategic Ethereum reserve this year are on the rise, according<\/a> to blockchain betting platform Polymarket.<\/p>\n Analysts also remain bullish, with some claiming that there will be a new all-time high in the next couple of months, which have historically been positive<\/a> for ETH prices.<\/p>\n $ETH<\/a> price is being suppressed, allowing big players to accumulate. Here\u2019s my outlook: \u2014 Wolf (@IamCryptoWolf) January 28, 2025<\/a><\/p>\n\n Nevertheless, none of this has alleviated the ETH angst that continues to rise as the asset weakens in terms of price.<\/p>\n Bitcoin fell to $100,272 during late trading on Tuesday but recovered again<\/a> during the following day\u2019s Asian session to reach $102,600 at the time of writing.<\/p>\n Aside from a couple of brief dips, BTC has remained above six figures for the past 12 days or so and is just 6% away from its all-time high.<\/p>\n Februaries have also been very bullish<\/a> for Bitcoin prices over the past few years, so things could be about to move soon.<\/p>\n The post Altcoin Meltdown Continues, ETH Angst Rises, But BTC Remains Resilient<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Crypto markets are down a further 2.7% on the day, with total capitalization falling to $3.6 trillion, and altcoins are taking the brunt of the fall. \u201cCapital is unlikely to rotate from BTC to alts because the majority of CT [crypto Twitter] is self-confessed to be mostly in altcoins,\u201d observed trader \u2018TXMC\u2019 on Jan. 29. […]<\/p>\n","protected":false},"author":0,"featured_media":39902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-39901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/39901"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39901"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/39901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/39902"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Ethereum Angst Rising<\/h2>\n
\n\u2013 4k breakout by end of Feb
\n\u2013 Bullish March, 4k to 5k in days
\n\u2013 Early April, 6.5k
\n2\/3-weeks correction, then a push to 9.5-10k, likely fueled by a catalyst. pic.twitter.com\/6fOhdxGdsx<\/a><\/p>\nBitcoin Remains Resilient<\/h2>\n