Altcoin spot trading volume is now four times higher than Bitcoin’s, indicating an overheating market. Analyst Doctor Profit sold ONDO with a 73% profit and HBAR with smaller gains before completely exiting altcoins, calling them a distraction and liquidity grab. He also opened a short position on Bitcoin between $86,200 and $89,500, anticipating a pullback toward $79,000. Total2, which tracks the altcoin market cap, absorbed over $371 billion in inflows since June, a 45% rise in just a few months, with 87% of Binance-listed altcoins now trading above their 200-day moving average. Technical signals such as a bearish divergence on Total2’s RSI and rising exchange deposits suggest momentum may be starting to cool.
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