image provided by Sean Pollock
This study looks at the total destruction of capital from the peak of the altcoin bubble, which so spectacularly came to an end in Jan 2018.
The chart shows the total capitalisation of all crypto currency excluding bitcoin. After losing approx 90% of their value, it wasn’t all that difficult to predict fortunes would turn and once again we saw the money flow into alt coins for a muted rally into end Jun 2019. Most of these gains have been lost, nearly 80% down this time.
The key point which is highlighted in the second image (3 day chart) is that we are back in a buying zone. It won’t be “mom and pop” buying, they tend to buy at the top, it will be institutional investors who will be filling their bags in “overlapping green zones”.
Institutions buy markets when they are down and sell markets when they are up
This is where we can help, register your interest here to be on the right side of this movement.
