DataDash – The Coming Bitcoin & Altcoin Sell-Off | Don’t Buy Before You See This… (09.12.2024 Summary)

Bitcoin Could Drop Soon: Nicholas Merten says Bitcoin might see a big sell-off. It’s stuck at $100K, a key psychological level, since November 22. If the price falls below its 21-day moving average, it could drop 20–30% to lower support levels, which might be good buying opportunities.

MicroStrategy’s Slowing Purchases: In November, MicroStrategy and ETFs helped Bitcoin rally by buying up 1% of its total supply. But this month, MicroStrategy is buying much less, which might reduce demand. Their share premium has also dropped 20%, signaling less excitement from big investors.

Altcoins Might Cool Down: Altcoins have been on a hot streak, especially in areas like AI, DeFi, and decentralized infrastructure (DePIN). Projects like Fetch and Render have seen huge gains, but they might be due for a pullback. Waiting for price dips could be a smarter move.

DeFi Is Back in the Spotlight: DeFi (decentralized finance) is making a comeback as regulations ease and more investors get involved. Big names like Uniswap and Compound are growing again, and newer projects like Lens Protocol and Alis Network are bringing fresh ideas like fixed-rate lending and multi-chain trading.

Stocks Are Also Surging: Major stock indexes, like the S&P 500 and Nasdaq, are breaking records, fueled by optimism about AI and a more business-friendly environment. Merten says to keep an eye on semiconductor stocks and volatility levels for signs of any upcoming slowdown.

Stay Patient and Strategic: Merten recommends focusing on strong trends and waiting for price pullbacks to make smart investments. Whether in crypto or stocks, timing and patience are key to seizing great opportunities.