Bitcoin is holding extraordinarily constant above $57,000 in spite of heavy marketplace FUD because of the Mt. Gox payments. Over a hundred and forty,000 BTC are being back to early traders, sparking fears that these cash may flood the marketplace.
But right here’s the trap: no longer anybody is dashing to sell. Many of the recipients are OG HODLers who agree with in long-term gains. On-chain records shows most effective a fragment has moved to exchanges. Institutions like BlackRock and Fidelity retain to build up, displaying confidence in long-time period fundamentals.
Meanwhile, Ethereum is flirting with the $3K mark again. The ETF buzz is preserving ETH afloat, at the same time as Solana, AVAX, and TON are using the meme hype wave. Altcoin dominance may be weakening slightly, but gaming tokens like IMX and PYR are seeing renewed hobby due to upcoming Web3 game launches.
Key takeaway: FUD is brief. Real conviction wins. Use this phase to DCA accurately and watch the whales, now not the noise.