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Ran Neuner: Altcoin cycle emerges as Bitcoin consolidates
Ran Neuner, founder of Crypto Banter, highlights that altcoin season has started even though it is not drawing much attention.
He observes that institutional investors are moving funds into alternative cryptocurrencies while Bitcoin is experiencing a period of consolidation, suggesting that the altcoin cycle is currently active.
Neuner recently highlighted that Bitcoin has fallen below major breakeven points for holders, putting investors who had seen recent profits under pressure, according to a previous report. He also signaled increased downside risk for Bitcoin after a failed breakout in a separate market-moving update. These observations frame the current focus on altcoin flows amid Bitcoin’s consolidation.
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