Lots of people posting about ALT/BTC performance are reading into ALT flows. I think this is probably wrong. Take today for example:
a) ALT/BTC is up
b) ALTs and BTC are both down
c) volume has mostly been in BTC
d) BTC premiums down
This looks like a BTC-driven down move.
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In particular we're NOT seeing evidence of BTC driving markets down but the ALTs driving themselves back up; it really does just seem like BTC down, ALTs down less because the flow is in BTC.
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....and here comes the ALT dump.
It really does seem like it was a BTC dump yesterday with ALTs following today, really not seeing any evidence of ALT inflows.
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Also a huge day for BEAR tokens; the day-on-day leader is TRXBEAR, up 67% since yesterday!
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