Crypto treasuries siphon $800B from altcoins, and it might be ‘forever’

💡 DMK Insight

Corporate crypto treasuries pulling in $800 billion signals a shift in retail sentiment that could impact altcoins significantly. With LTC currently at $96.20, traders should be wary of the potential for altcoin sell-offs as retail investors flock to perceived safer assets held by corporations. This trend suggests a risk-off mentality, where investors prioritize stability over speculative gains. If this continues, we might see LTC and other major coins hold their ground while altcoins struggle. Watch for key support levels in altcoins, as a breach could trigger further sell-offs. Additionally, keep an eye on corporate announcements or earnings reports that might influence these treasury holdings, as they could create ripple effects across the market. The real story here is how long this trend lasts and whether it signals a broader market correction or just a temporary shift in focus.