According to The Kobeissi Letter, citing data analytics from Sentimentrader, the vast majority of currencies are not currently in the all-time high range (5% of the 252-day high).
In comparison, when Bitcoin set new records in February and November 2024, about 75% and about 40% of cryptocurrencies were within 5% of their 252-day highs, respectively.
Historically, when a large number of cryptocurrencies are trading near all-time highs, Bitcoin has fallen back. The current divergence suggests that Bitcoin may have more room to rise.
Opinion: Most of the current currencies have not reached ATH, indicating that Bitcoin still has a lot of room for growth
2025-07-11 16:25:59
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