Today’s Narrative - 📈Still Bullish📈

Macros

• Bitcoin Dominance Rising (Currently stopped): BTC was grabbing the spotlight yesterday, pulling money and attention away from other altcoins, until as of writing… altcoins are finally showing some strength.

• Overheated Market: Bitcoin’s momentum (RSI) looks overextended, and investor sentiment is at "extreme greed" levels.

• Bitcoin at Resistance: Bitcoin seems to be hitting key levels that might slow growth.

• Stablecoin Supply Surge: $1 billion in $USDT and $140 million in $USDC were just minted, adding liquidity.

• Binance Trading Volume: $3.5 trillion in the past month – that’s bigger than Nasdaq and NYSE combined.

• Nvidia Earnings: Q3 revenue jumped 94% year-over-year to $35.1 billion but still couldn’t satisfy market expectations.

• Crypto Policy Buzz: Trump’s team is floating the idea of a White House crypto advisor role.

Crpytos

• Bitcoin in Focus: BTC set new highs at $98,000

• MicroStrategy’s Influence: Companies like MARA are copying MicroStrategy’s Bitcoin-buying spree, fueling BTC’s dominance.

• Altcoin Showing Strength: altcoins are finally showing strength this morning. Hopefully it continues.

• Phantom Wallet: Phantom Wallet flips Google and TikTok in overall IOS app store ranking in the US.

• Coin Highlights:

  • $FLOKI hits Coinbase on November 21.

  • $CHILLGUY, a meme coin, surged to a $500M market cap.

Our Stance

We’re keeping a cautious eye on the market as two possible scenarios unfold. If Bitcoin consolidates, altcoins may finally get a chance to rebound. While this is great for existing holdings, it could make entering new positions trickier due to higher prices. On the other hand, if Bitcoin dips, altcoins might experience a sharper crash (“nuke”), which could create opportunities to buy at lower levels of support.

For now, we’re playing it safe. Bitcoin’s momentum feels stretched, and with extreme greed in the air, the potential for a pullback seems high. We’re waiting for clear signals—whether it’s a cooling-off period or altcoins hitting attractive prices—before making big moves.F

That said, we’re staying active in one area: meme coins. They’re the biggest movers right now, and we’re focused on select ones like DOGE, PEPE, BONK, POPCAT, PNUT, and WIF. These coins are still showing strong momentum and could present short-term opportunities even as the broader market cools.

The key is patience. While the excitement around Bitcoin is tempting, the real opportunities might lie in picking the right altcoins or meme coins at the right time.

Subscribe to Don’t FRET
Get content like this straight into your inbox

📈Bullish📈

Shanghai Says Bitcoin is Property – Yep, Even in China

Big news: a court in Shanghai ruled that Bitcoin and crypto are property in China. This means individuals can legally own it. But businesses? Still banned from trading or issuing tokens.

This isn’t the first time China has acknowledged Bitcoin’s value. Courts have already called it “virtual property” and a “unique digital asset.” Bottom line: China knows Bitcoin’s legit—they just don’t want companies getting too wild with it.

Why care? If China, of all places, is recognizing Bitcoin as property, it’s a solid win for crypto’s global credibility.

📉A Tiny Bearish📉

SUI Went Down – But It’s Back Up Now

SUI Network just had a rough day. The blockchain went offline for over two hours, with no blocks produced during that time. Think of it as a long coffee break—except everyone was waiting for their transaction to go through.

Here’s what happened: The network hit a technical issue that stopped block production at 9:15 a.m. UTC. By the time it was fixed, SUI’s token price had taken a hit, dropping about 4% to $3.49. Some exchanges, like Upbit, even paused SUI deposits and withdrawals to protect users.

The good news? The SUI team jumped on it fast and got things back to normal. While outages like this aren’t great for confidence, it’s a reminder of how critical solid infrastructure is in crypto. No one likes downtime—especially not your portfolio.

For now, SUI’s back up and running, but we’ll be keeping an eye on how they handle things going forward. Blockchain’s fun until the blocks stop moving, right?

📈Bullish📈

Nvidia Smashes Earnings… But Wall Street Isn’t Impressed

Nvidia just dropped some jaw-dropping numbers for Q3. Revenue hit $35.1 billion, a massive 94% year-over-year jump, blowing past the expected $33 billion. Net income? Up 109% to $19.3 billion. If Nvidia were a student, it’d be graduating with honors.

But what was weird is that the market wasn’t celebrating. Instead, Nvidia’s stock slid 2.3% after hours. Why? Investors are sweating over whether Nvidia can keep up this insane growth pace. And, oh yeah, its gross margin is expected to shrink from 75% to 73%. Not huge, but enough to make Wall Street raise an eyebrow.

CEO Jensen Huang says demand for Nvidia’s AI chips is through the roof. The data center division, which raked in $30.8 billion this quarter, is leading the charge with 112% growth. And for Q4, Nvidia is aiming even higher, projecting revenues of $37.5 billion.

Nvidia’s on fire, but the market’s giving it the “prove it wasn’t just a fluke” side-eye. For now, investors seem to be saying, “Cool story, bro. Let’s see what’s next.”

📈Bullish📈

BTC Soars, Alts Stay Flat – Here’s Why

Bitcoin is having a moment. It’s pumped to new highs (over $98k!), but sadly, altcoins aren’t joining the party. If you’re holding alts, you’ve probably noticed they’re doing the crypto equivalent of standing awkwardly in the corner while Bitcoin steals the spotlight.

So, what’s happening?

• Follow the Money: Institutional investors are pouring into Bitcoin. Big players like MicroStrategy are stacking BTC, and with Bitcoin ETFs like BlackRock’s gaining traction, it’s clear where the money is flowing. Spoiler: it’s not alts.

• BTC Dominance Rules: Bitcoin dominance is at its highest since 2021, pulling liquidity out of altcoins. This imbalance has alts dipping while Bitcoin rockets higher.

• Investor Nerves: Let’s be real—watching Bitcoin pump while your alt holdings stay flat is stressful. That pressure to sell is real, and it’s adding more downward momentum to alts.

So, while Bitcoin’s current pump is impressive, it’s not all organic—it’s fueled by institutional money. And for now, it seems the market’s focus is locked firmly on BTC.

Want to know when alts might start moving again? It’s all part of the altseason cycle. Check out the article below on altseason cycles to get up to speed and prepare for the next big moves.

📚Education📚

Understanding the Altseason Cycle: Why Bitcoin Moves First and Alts Follow

If you’re new to crypto or just wondering why your altcoins haven’t been keeping up with Bitcoin’s recent rally, welcome to the altseason cycle—one of the most fascinating (and frustrating) parts of the crypto market.

Here’s a simple breakdown to help you understand what’s happening and how to prepare for the next wave.

The Stages of the Altseason Cycle

1. Bitcoin Leads the Charge
   When Bitcoin pumps, the entire market focuses on it. Institutions, big investors, and retail buyers all pile into BTC first because it’s seen as the “safest” crypto asset. This stage usually sees Bitcoin dominance increase as money flows out of altcoins and into BTC… Current Example: Bitcoin’s dominance is surging, hitting levels not seen since 2021. Alts are dipping as all the liquidity is concentrated in BTC.

2. Ethereum Picks Up
   Once Bitcoin starts to stabilize, attention shifts to Ethereum (ETH). As the largest altcoin, Ethereum tends to move next. This stage often serves as a bridge between Bitcoin’s dominance and the broader altcoin market catching fire.

3. Large-Cap Altcoins Shine
   After Ethereum has its run, big-name altcoins like Solana, Cardano, or Binance Coin typically follow. Investors start looking for the “next big thing” after Bitcoin and Ethereum, pushing these larger altcoins higher.

4. Altseason is Here
   Finally, smaller and mid-cap altcoins (the ones you’ve been holding and refreshing daily) explode. This is when the market goes wild, with everything from meme coins to niche projects seeing massive gains. It’s often driven by pure speculation and FOMO (fear of missing out).

Why Does This Happen?

The cycle happens because of how money moves in crypto:

• Conservative to Risky: Investors start with the safest asset (Bitcoin), then gradually move to riskier, smaller assets as confidence grows.

• Liquidity Dynamics: Bitcoin’s rally sucks liquidity out of altcoins. When BTC stabilizes, liquidity flows back into alts.

• Market Psychology: The market follows trends. As Bitcoin rallies, attention stays there until investors feel it’s time to diversify.

Are We in Altseason Now?

Short answer: Not yet.

Bitcoin’s recent pump has kept the focus on itself, and Bitcoin dominance is high. Altcoins typically need Bitcoin to stabilize or cool off before they can take the spotlight. Until then, don’t panic-sell your alts. Instead, position yourself for what comes next.

How to Spot Altseason

• Bitcoin Dominance Falls: Watch for Bitcoin dominance to decrease as funds move back into altcoins.

• Ethereum Gains Momentum: If Ethereum starts outpacing Bitcoin, it’s a sign that altseason may be near.

• Broad Market Excitement: When you start hearing about obscure projects pumping 10x overnight, you’re probably in altseason.

Subscribe to Don’t FRET
Get content like this straight into your inbox