These deviations coincided with periods when Bitcoin was absorbing liquidity from the rest of the market and outperforming the rest of the market. These are marked by the shaded purple regions in the chart below. However, what followed was an aggressive rebound called “money printer’ in the alt market, with capital rotation pushing the price of altcoins higher very rapidly.
“Everyone positioned in altcoins are about to make more money than they know what to do with,” the analyst noted, but also added that only a small percentage of those traders will actually exit in profit.
