The reason for me flipping quickly from a bearish to a bullish bias on altcoins is because of reflexivity
$BTC going into price discovery means that animal spirits go into altcoins, which then dramatically changes the risk-profile of these alts :
Once reflexivity kicks in, these can 2x-5x in a very short time, as pumps attract significant inflows of buyers, and early short-sellers end up fueling the final legs
If altcoins are going to get a risk-on szn, it has to be now, and being on the wrong side of the trade carries a horrendous r/r
On top of that, add the reflexive nature of the $SBET<> $ETH couple, and you get really good conditions for an alt pump
Simply being long BTC remains safer of course. It is my largest position by a very large margin.
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