Market Insights The altcoin market is further diverging, with Bitcoin showing false strength and true weakness. As I mentioned in my previous post, Bitcoin believers (laser eyes) are going through a tough time. Since July, Bitcoin has hardly seen any significant gains, with almost all increases being false breakouts. From July to August 14, it was ETH leading the charge. After ETH's rise, SOL has taken over. ETH has also been very weak during these recent adjustments. As SOL rises, it seems that very few other altcoins are keeping up, except for a few SOL ecosystem tokens like JUP and JTO. The impact of SOL is still much weaker compared to ETH. Most altcoins have not followed the rebound since Bitcoin dropped to 108,700, showing a clear divergence. The reason is likely that most market makers follow BTC and ETH, so without gains in these two coins, altcoins rarely rise independently. We can observe that even SOL-related memes are the same; the reason is expected to be that after...
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