Ananalystwhoaccuratelycalledthemarketcollapseof2022saysthatamassiveblackswaneventcouldcrushaltcoinsaheadoftheUSelection.
Writingtohis105,000subscribersinhisTelegramchannel,pseudonymouscryptoanalystCaposaysthatOTHERS,whichtracksthemarketcapofallcryptoassetsexcludingstablecoinsandthetop10rankedcoins,couldbeheadedforamassivedropduringtheelection.
Capodoesn’tmakeanypredictionsonwhatexactlytheblackswaneventcouldbebutsaysitwilllikelybeanoptimalbuyingopportunity.
“Quickupdate:
Asmentionedbefore,severalfactorscouldtriggerablackswaneventbeforetheUSelection.Thiswouldcausea35%avg.dropforaltcoins,meaningthatbigcapscoulddump25-35%,andlowcapscoulddump40-60%.
Onceagain,thiswouldbeaverylastshakeoutbeforearealaltseasoncouldbegin.Soifithappens,justbereadyanddon’tgetscared.
Staysafe.”
Source:Capo/Telegram
InamorerecentpostonTelegram,Caposaystheoddsofsuchascenariohavenowgoneup,andthathe’spreparingbysheddingsomeofhisaltcoinholdings.
“Probabilitiesforthisscenariohavejustincreased.
I’vesoldsomealtcoinstoreducemyexposuretothemarket,evenifIwasalreadycoveredwithahedge.
Ifthisscenariodoesn’tplayout,there’snoissueinre-enteringpositionslater.However,wecan’tignorethedata–themarketisshowingsignificantweaknessatthispoint.”
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dailyhodl.com