A lot of alts can't even find enough longs.
Market is paying you to long them.
I think capital destruction on alts from Fridays Flash Crash, especially older alts, is really significant.
I don't think many alt enjoyers with flush capital are going to rotate to any of these, they will chase new alts.
Bearish MACD cross on ETH weekly.
Won't be surprised to see more blood next 2 weeks.
Positive outcome at APAC end of month could be bull catalyst to set us up for a proper Crypto 4 year cycle Q4.
Fingers crossed.
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