Bitcoin Shows Resilience Amid Altcoin Decline

According to Odaily, Adam, a macro researcher at Greeks.live, released a report highlighting a bearish sentiment towards altcoins among group members. Many traders have reported a 50% decline in their portfolios, with Ethereum and altcoins struggling to surpass the 21-day moving average. In contrast, Bitcoin appears relatively strong, with some traders observing increased buying support. However, traders are closely watching the $88,000 level, considered a key resistance point. Bitcoin's strength compared to altcoins is evident, with one trader noting its significant decoupling from the S&P 500, indicating a divergence from traditional markets.