Summary
- Institutional investors have increased profit-taking in altcoins, which could lead to short-term price volatility.
- Felix Hartmann, CEO of Hartmann Capital, stated that the current market is a time for venture capital and companies to realize profits.
- The leverage ratios of some altcoins like Ripple (XRP) and Hedera (HBAR) have risen above 100%, requiring investor caution.
There are opinions that as institutional investors increase their profit-taking activities in the altcoin market, there is a possibility of a short-term crash.
According to a report by Cointelegraph on the 8th (local time), Felix Hartmann, CEO of Hartmann Capital, stated, "The current market is a point where venture capital and companies can realize profits. Leverage ratios and other factors should be considered according to the trend."
Recently, as the leverage ratios of many altcoins such as Ripple (XRP), Hedera (HBAR), and IOTA (IOTA) have soared above 100%, investors need to be cautious.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
