RE: Can someone tell me5 Mar 2021 10:07
I don't think sentiment has changed and most of the trades appear to be buys. Some of the newbies that came higher might be panic selling a few, but I can see no reason why longer term holders would have changed their bullish fundamental view of BTC, altcoins or KR1's SP trajectory for 2021. The BTC stock to flow suggests BTC won't hit its halving induced 4 year cyclical highs until some time Q3/Q4 2021 by which time it should be significantly higher than the current level. Previous bull markets have been characterized by numerous pullbacks and consolidations and BTC currently appears to be in a consolidation phase and the price action looks perfectly normal to me. Once this completes, any move to the upside in BTC should lead to much bigger rallies for altcoins, particularly the ones KR1 is invested in and thereby a big move higher in KR1. If you think stock to flow model is intact and are bullish on BTC and the wider sector then KR1 looks very oversold and a good opportunity to add.