The chart below shows the cycle in bitcoin and altcoins over the past year. When Glassnode’s risk indicators reach extreme highs, a greater allocation to bitcoin is warranted, similar to what occurred earlier this year. In contrast, when risk is low for an extended period of time, traders tend to shift toward altcoins as sentiment improves.
Originally Posted on: https://www.coindesk.com/markets/2022/03/22/market-wrap-bitcoin-in-recovery-mode-crypto-stocks-outperform/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Damanick Dantes, Angelique Chen