A prominent market analyst is warning that the current altcoin rally represents a deliberate setup designed to trap retail investors before potential macroeconomic turbulence. With critical inflation data and a Federal Reserve meeting approaching, the analyst characterizes the price increases as a sophisticated distribution scheme targeting overeager traders.
Analyst Doctor Profit issued a stark warning to his nearly 432,000 followers on X, drawing parallels to an accurate bearish prediction he made a month earlier. He explained that market makers are pushing altcoin prices higher to create an attractive illusion during a distribution phase at market tops. The analyst argued that the current movement is not the beginning of a sustained altseason but rather a short-lived exit pump where retail investors unknowingly provide liquidity for larger players to sell their positions.
According to Doctor Profit, retail traders are buying altcoins out of fear of missing out while ignoring significant macro risks including the PPI data due Wednesday, CPI figures on Thursday, and the FOMC meeting scheduled for eight days later. He warned that the manufactured rally is designed to trap late buyers while institutional money quietly exits the market.
Market opinion remains divided on altcoin prospects. Analytics platform CryptoQuant recently noted that tokens like Fetch.ai, Amp, and Synthetix were leaving Binance, suggesting some investors expect short-term gains. Analyst Ash Crypto has suggested that declining Bitcoin dominance could trigger a mega altseason between October and March next year, potentially driving significant capital into alternative cryptocurrencies.
However, historical data presents a contrasting narrative.
Автор
- Web |
- More Posts(56)