Altcoin season ‘leg down will be ugly,’ says venture capitalist
A crypto venture capitalist warns that “once momentum tips,” market participants might be caught off guard by “some murder wicks” on the charts.
The altcoin market has seen substantial gains since Donald Trump’s United States presidential victory, but a venture capitalist has warned of a potential near-term shakeout as institutional investors increase their profit-taking activity.
However, not all traders agree.
“Considering alt season tapped out for now,” Hartmann Capital managing partner Felix Hartmann said in a Dec. 7 X post.
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Author: Ciaran Lyons
