ZECZECZcash
$1,310.68
24h
+5.34%
18 Sep, 01:55

Relative strength amidst major sell-offs

Bullish-10.40%

AI Summary

The author observes a post-FOMC market divergence where major assets like Bitcoin and Ethereum are severely underperforming due to heavy ETF outflows, while alternative coins such as ZEC demonstrate relative strength.

While watching the market, I noticed an interesting phenomenon: after the FOMC meeting, most major asset classes rallied, but Bitcoin and Ethereum surged with the sluggishness of constipation, whereas some mainstream altcoins showed exceptional strength $ZEC $Hype $Uni etc. The only explanation is the ETFs. From last week until now, there has been a net outflow of $1 billion. Since the 15th, there has been a daily net outflow of over $200 million. Americans are acting like maniacs; every day, prices rise before the market opens in the daytime, only to be smashed upon opening. Every time Bitcoin rises by a few hundred dollars, it gets sold off hard. The candlestick charts look like an electrocardiogram—it's disgusting.

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