Your Crypto Guy 🇮🇳
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Once again, the month started with an unexpected crash, and it feels like altcoins have lost whatever life they had left.
Whenever market starts to recover, an unknown reason pushes it back to new lows.
Market makers and exchanges are not losing anything because they profit whether the market goes up or down, but all of this is making the situation worse and worse for retail investors.
These two factors are creating a highly unfavorable situation for altcoins.
Your Crypto Guy 🇮🇳
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In the last 24 hours, BTC dominance has pumped by 6%. Due to the U.S. tariff increase.
We made a video on what the U.S. tariff is, make sure to watch it!
https://youtu.be/rgFU7B0YTho?si=yxjqXwGG8k9UHv8B
Current funding rates show that everyone is heavily positioned in short trades, which is why funding rates are negative. This indicates that no one is expecting a market recovery, which is actually a positive sign for a potential rebound.
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Some whales have been buying Ethereum rapidly every minute since this morning.