James Wynn Warns Against Altcoin Over-Leverage as BTC Dominance Targets New Highs

James Wynn warns of dangerous altcoin setups and poor investor hedging against Bitcoin. Altseason is likely delayed until Bitcoin reaches the $120K to $140K target zone. The analyst says macro trends and liquidity shifts suggest strong upside for Bitcoin. Cryptocurrency trader James Wynn has issued a warning to altcoin investors, highlighting dangerous positioning patterns as Bitcoin dominance prepares for what he believes to be historic levels. The analyst observes widespread over-leverage in altcoins while investors remain inadequately hedged against Bitcoin’s continued outperformance. Wynn stated that it creates conditions for potential mass liquidations across the altcoin sector. Wynn’s assessment suggests the eagerly anticipated altseason could face substantial delays as Bitcoin dominance climbs to levels never previously seen in cryptocurrency markets. This projection contradicts the popular sentiment among altcoin holders, who expect an imminent rotation from Bitcoin into smaller-cap digital assets. I see so many people over leveraged on alt coins. Meanwhile they are no way near hedged enough towards bitcoin. BTC.D will likely rise to new ATHs we�… The post James Wynn Warns Against Altcoin Over-Leverage as BTC Dominance Targets New Highs appeared first on Coin Edition .

Source: Coin Edition