On July 12, according to data analysis from Sentimentrader cited by The Kobeissi Letter, the vast majority of coins are currently not in the historical peak range (within 5% of the high point in 252 days). In contrast, when Bitcoin set new records in February and November 2024, approximately 75% and about 40% of Crypto Assets were within 5% of their 252-day high points, respectively. Historically, when a large number of Crypto Assets' trading prices approach historical peaks, Bitcoin tends to pull back. The current divergence suggests that Bitcoin may still have greater room for rise. #BTC再创新高 #ETH突破3000 #VIP 专属空投嘉年华

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Details: https://www.gate.com/zh-tw/announcements/article/47455