‘There’s Too Much Garbage’ – Veteran Analyst Warns There’s Not Enough Money for Altseason To Happen

A popular crypto analyst and trader thinks a wide altcoin season is unlikely in the current market environment. In a new YouTube video, the pseudonymous trader known as The Flow Horse tells his 11,500 subscribers that “there’s not enough money” for altseason to happen right now. “So what it means is there is definitely enough money to go into assets and pump the s*** out of them but at the detriment of other assets. So you can have two people in this market, and one of them has a complete idea of where we are in the market. You could have one person that’s like, ‘This market is ripping. It’s amazing. Altseason.’ And then another person in the wrong assets and they’re thinking it’s the bear market already because they’re in things that have completely retraced and just have no real capital behind them and there’s no more interest in them. So I think dispersion will continue, so the idea of altseason is just like these rotations that are happening and they’ll get more concentrated. But a rising tide just isn’t happening. It’s just not happening. There’s too much garbage and there’s not enough money to go around to lift it.” The analyst is also keeping an eye on the Bitcoin dominance ( BTC .D) chart, which currently sits at 58.53%. Traders use BTC.D to track if altcoins are outperforming Bitcoin as the metric calculates how much of the crypto market cap belongs to BTC. Source: The Flow Horse/YouTube Based on the trader’s chart, the metric is up more than 4% in the past six months, indicating that BTC has been rising faster in value than altcoins. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post ‘There’s Too Much Garbage’ – Veteran Analyst Warns There’s Not Enough Money for Altseason To Happen appeared first on The Daily Hodl .

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