{"id":10215,"date":"2025-01-29T07:01:53","date_gmt":"2025-01-29T07:01:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10215"},"modified":"2025-01-29T07:01:53","modified_gmt":"2025-01-29T07:01:53","slug":"altcoin-meltdown-continues-eth-angst-rises-but-btc-remains-resilient","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10215","title":{"rendered":"Altcoin Meltdown Continues, ETH Angst Rises, But BTC Remains Resilient"},"content":{"rendered":"<div>\n<p>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<blockquote>\n<p>\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<\/blockquote>\n<p>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<p>Hence, sentiment is rekt on a 1% BTC pullback, \u201cwhich results in a -30% on their portfolio,\u201d he added.<\/p>\n<blockquote>\n<p dir=\"ltr\" lang=\"en\">I\u2019m working on quantifying this as we speak, and it\u2019s very clear.<\/p>\n<p>CT is massively underinvested in Bitcoin, overweight alts, and specifically the alts that didn\u2019t go up.<\/p>\n<p>Hence sentiment is rekt on a 1% BTC pullback\u2026it results in a -30% on their portfolio. <a href=\"https:\/\/t.co\/9g968usmw8\" data-wpel-link=\"external\" target=\"_blank\">https:\/\/t.co\/9g968usmw8<\/a><\/p>\n<p>\u2014 _Checkmate <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/26a1.png\" alt=\"\u26a1\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/2622.png\" alt=\"\u2622\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@_Checkmatey_) <a href=\"https:\/\/twitter.com\/_Checkmatey_\/status\/1884372241292616095?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">January 28, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Ethereum Angst Rising<\/h2>\n<p>Meanwhile, trader \u2018Bluntz\u2019 <a href=\"https:\/\/x.com\/Bluntz_Capital\/status\/1884351616083792242\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">told<\/a> his 314,000 followers on X:<\/p>\n<blockquote>\n<p>\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<\/blockquote>\n<p>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<p>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, <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHBTC\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">according<\/a> to Tradingview.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">ETH\/BTC chart looks like this and Vitalik comes lectures us on how things work.. <a href=\"https:\/\/t.co\/0zSAGNKF2y\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/0zSAGNKF2y<\/a><\/p>\n<p>\u2014 CoinMamba (@coinmamba) <a href=\"https:\/\/twitter.com\/coinmamba\/status\/1884369060978102346?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">January 28, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>There has been a lot of dissent and a <a href=\"https:\/\/cryptopotato.com\/ethereum-foundation-dissent-dampens-eth-price-as-vitalik-asserts-authority\/\" data-wpel-link=\"internal\">leadership shakeup<\/a> at the Ethereum Foundation recently, which has put downward pressure on the asset.<\/p>\n<p>However, there have been some bullish developments, such as the Donald Trump DeFi project, and World Liberty Financial continues to stack ETH.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Wow Trump again bought $10,000,000 of Ethereum in the last 2 hours.<\/p>\n<p>He keeps on buying. LFG <a href=\"https:\/\/t.co\/xUw1q7xYgG\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/xUw1q7xYgG<\/a><\/p>\n<p>\u2014 Ted (@TedPillows) <a href=\"https:\/\/twitter.com\/TedPillows\/status\/1884352202115858521?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">January 28, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Meanwhile, the odds that President Donald Trump will implement a national strategic Ethereum reserve this year are on the rise, <a href=\"https:\/\/x.com\/Polymarket\/status\/1884295576667459777\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">according<\/a> to blockchain betting platform Polymarket.<\/p>\n<p>Analysts also remain bullish, with some claiming that there will be a new all-time high in the next couple of months, which have historically <a href=\"https:\/\/cryptopotato.com\/bitcoin-records-double-digit-gains-in-8-of-12-februaries-will-history-repeat\/\" data-wpel-link=\"internal\">been positive<\/a> for ETH prices.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$ETH<\/a> price is being suppressed, allowing big players to accumulate. Here\u2019s my outlook:<br \/>\n\u2013 4k breakout by end of Feb<br \/>\n\u2013 Bullish March, 4k to 5k in days<br \/>\n\u2013 Early April, 6.5k<br \/>\n2\/3-weeks correction, then a push to 9.5-10k, likely fueled by a catalyst. <a href=\"https:\/\/t.co\/6fOhdxGdsx\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/6fOhdxGdsx<\/a><\/p>\n<p>\u2014 Wolf (@IamCryptoWolf) <a href=\"https:\/\/twitter.com\/IamCryptoWolf\/status\/1884274440663621942?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">January 28, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Nevertheless, none of this has alleviated the ETH angst that continues to rise as the asset weakens in terms of price.<\/p>\n<h2>Bitcoin Remains Resilient<\/h2>\n<p>Bitcoin fell to $100,272 during late trading on Tuesday but <a href=\"https:\/\/cryptopotato.com\/bitcoin-reclaims-103k-as-second-phase-of-price-discovery-begins-analyst\/\" data-wpel-link=\"internal\">recovered again<\/a> during the following day\u2019s Asian session to reach $102,600 at the time of writing.<\/p>\n<p>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<p>Februaries have also been <a href=\"https:\/\/cryptopotato.com\/bitcoin-records-double-digit-gains-in-8-of-12-februaries-will-history-repeat\/\" data-wpel-link=\"internal\">very bullish<\/a> for Bitcoin prices over the past few years, so things could be about to move soon.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/altcoin-meltdown-continues-eth-angst-rises-but-btc-remains-resilient\/\" rel=\"nofollow\">Altcoin Meltdown Continues, ETH Angst Rises, But BTC Remains Resilient<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10215","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10215"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10215\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}