Part 2/7:

Besides Bitcoin's upward trajectory, Meron discussed a substantial correction in the altcoin market, triggered by excessive leverage trading. He anticipated a decline of over 20% that initially unfolded as a 14% downturn, signaling potential trouble for altcoins moving forward. The dominance of altcoins, especially those outside the top 10 by market cap, dropped significantly, leading to a major flushout that erased nearly half of the gains from the previous uptrend.

Meron emphasized that the recent flushout was linked to traders operating on high leverage, which ultimately benefits exchanges through liquidations. The nature of these corrections elicits caution, as they often precede declining momentum where altcoins fail to maintain their value against Bitcoin.