And this is not normal. BTC fell almost straight down over the week... but ALT/BTC quietly refused to drop. And the chart proves it. While Bitcoin has dropped by 24.15% in November, the ALT/BTC ratio has actually increased by 9.44% this month. This is the first significant divergence we have seen in months, and it typically occurs only after one thing: "Exhaustion of altcoin sellers." When altcoins capitulate before BTC completes its correction, they often become the first part of the market to stabilize. The chart shows exactly the heavy selling pressure in October, a complete collapse, and then a slow but steady upward growth, even as BTC continues to fall. This is also happening at the same time when the technical structure of BTC shows signs of a local bottom: Daily RSI = the lowest in 2 years Weekly RSI = returned to levels of January 2023 Daily MACD = lowest level in history These are readings that usually take place at the bottom. And if BTC is indeed close to a local bottom, as the indicators suggest, then this is usually followed by two things: 1️⃣ BTC is entering a sideways phase or slow recovery 2️⃣ Altcoins outperform both in the pair with BTC and in the pair with USD This is the part that most people overlook. The strength of ALT/BTC during the decline of BTC is not accidental. This is a classic signal that liquidity within crypto is starting to rotate towards higher-bet assets. And historically, as soon as BTC stops falling, even if it just moves sideways, the altcoin market reacts sharply because positions are being reset, leverage is being cleared, and selling pressure dissipates. That's why the chart is important: BTC is approaching important support with deeply oversold indicators... ALT/BTC is quietly breaking out upwards from its base... Dominance looks heavy and struggles to grow, despite the drop in BTC... These elements converge only in one type of market environment: "The phase just before altcoins start to outperform." We are not saying that a full altseason starts tomorrow, but the behavior of the charts suggests so. $BTC
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ALTCOINS DO WHAT BTC NEVER DOES DURING A CRASH.
And this is not normal.
BTC fell almost straight down over the week... but ALT/BTC quietly refused to drop.
And the chart proves it.
While Bitcoin has dropped by 24.15% in November, the ALT/BTC ratio has actually increased by 9.44% this month. This is the first significant divergence we have seen in months, and it typically occurs only after one thing:
"Exhaustion of altcoin sellers."
When altcoins capitulate before BTC completes its correction, they often become the first part of the market to stabilize.
The chart shows exactly the heavy selling pressure in October, a complete collapse, and then a slow but steady upward growth, even as BTC continues to fall.
This is also happening at the same time when the technical structure of BTC shows signs of a local bottom:
Daily RSI = the lowest in 2 years
Weekly RSI = returned to levels of January 2023
Daily MACD = lowest level in history
These are readings that usually take place at the bottom.
And if BTC is indeed close to a local bottom, as the indicators suggest, then this is usually followed by two things:
1️⃣ BTC is entering a sideways phase or slow recovery
2️⃣ Altcoins outperform both in the pair with BTC and in the pair with USD
This is the part that most people overlook.
The strength of ALT/BTC during the decline of BTC is not accidental.
This is a classic signal that liquidity within crypto is starting to rotate towards higher-bet assets.
And historically, as soon as BTC stops falling, even if it just moves sideways, the altcoin market reacts sharply because positions are being reset, leverage is being cleared, and selling pressure dissipates.
That's why the chart is important:
BTC is approaching important support with deeply oversold indicators...
ALT/BTC is quietly breaking out upwards from its base...
Dominance looks heavy and struggles to grow, despite the drop in BTC...
These elements converge only in one type of market environment:
"The phase just before altcoins start to outperform."
We are not saying that a full altseason starts tomorrow, but the behavior of the charts suggests so.
$BTC