All-time highs can be messy, and many times, the breakout comes after the shakeout.
So will it be like this?
Considering the accumulation taking place by long-term spot investors on-chain, it's certainly looking that way.
Yesterday we saw a notable outflow out of exchanges as investors continue to scoop coins off exchanges and into cold storage to HODL.
Not bearish.
So if and when Bitcoin resolves higher back above 65k, we'll be positioned aggressively long both Bitcoin and in quality alts.
We're talking Ethereum, Solana, Harmony, Avalanche, FTX, Algorand, and Elrond, among a few others.
There's likely to be a ton of alpha in those names in the coming months.
If this new bull market is the real deal, the alpha will be in holding long-term spot positions in leading, quality alts, not in swing trading messy ranges.
Buy the big bases.
Buy the all-time highs.
Keep it simple, and this bull market will treat you well.
Exciting times ahead for crypto, get ready for price discovery.
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