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If Bitcoin has a sizeable retrace it will be a bloodbath for Alts.

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by COINS NEWS 139 Views

If you've been in crypto for any amount of time you'll see that title and go "well obviously" if you're new to the club and are holding any large alt position you should know that the market AS A WHOLE moves with Bitcoin. If bitcoin moves down alts move down (more) if bitcoin moves up alts move up as well (usually less).

You might be waiting on the proverbial alt season you've heard so much about but if Bitcoin drops significantly alts will drop much much harder. So just be aware, that you're taking a pretty significant risk holding alts near a Bitcoin ATH.

No I'm not being a BTC maxi, I'm just warning fresh blood. If your alts drop hard the first thing you should check is, "did btc drop at the same time".

submitted by /u/GabeSter
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