This Is Still a Keep-It-Simple Tape

Louis Sykes
October 19, 2022

It wasn't long ago that we said Bitcoin was at the edge of the abyss.

A month on, the same can still be said about most of the asset class. Just go chart by chart, and you'll see a ton of coins sitting at their lows.

This is such an illiquid tape, with only the heartiest of HODLers remaining, that it wouldn't take much selling to send these laggards on another leg lower.

Cardano, Decentraland, Gala, Kyber, Polkadot -- just a little push is all it'd take...

 

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