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TechFlow news, on February 25, crypto analyst Miles Deutscher posted that despite Bitcoin's price remaining at a high level, overall market sentiment has dropped to its lowest point since 2024.
He noted that crypto market sentiment is more closely correlated with altcoin performance than with Bitcoin, and recently altcoins have been performing weakly. Deutscher raised the question: does this mean we are about to see a phase of altcoin selling?
According to cryptocurrency analyst Miles Deutscher, despite Bitcoin's price holding at elevated levels, overall market sentiment has dropped to its lowest point of 2024. He noted that crypto market sentiment correlates more closely with altcoin performance than with Bitcoin, and recently altcoins have been underperforming. Deutscher raised the question: does this indicate we are about to see a phase of altcoin sell-off?
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