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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