Altcoins Are Bleeding Out as Liquidity Retreats and Bitcoin Becomes the Only Trade That Matters

The situation in the cryptocurrency market has taken a significant turn, as various altcoins are experiencing substantial declines in value, often referred to as "bleeding out." This downturn can be attributed to a noticeable retreat of liquidity, meaning that investors and traders are pulling back their funds from altcoins and reallocating them elsewhere. As a result, Bitcoin has emerged as the dominant asset, becoming the only trade that seems to hold any substantial importance or relevance in the current market landscape. This shift highlights a growing trend where market participants are increasingly favoring Bitcoin over altcoins, leading to a stark contrast in performance between these different cryptocurrencies. source: https://blocknews.com/altcoins-are-bleeding-out-as-liquidity-retreats-and-bitcoin-becomes-the-only-trade-that-matters/