Setup for 2021 Altcoin Explosion May Be Presenting Itself Again Amid Rising Global Liquidity: Jamie Coutts
Real Vision analyst Jamie Coutts says that altcoins may be close to repeating the explosive mania of 2020 and 2021. Coutts says on the social media platform X that the crypto market cycle is currently at a point “where selective high-quality assets are bottoming and will outperform when the bull resumes.” The analyst shares a chart that compares the performance of the top 200 crypto assets versus the total market cap of crypto, which he uses to gauge altcoin strength. He notes the metric is similar to late 2020 when Bitcoin (BTC) outran the rest of the market for months on end, while at the same time, a rise in global liquidity appears to be underway – two things Coutts says are bullish for altcoins. “I have posted this chart before. Top 200 equal weight index (EQW) vs. Market cap ratio chart (Mkt Cap). The insane altcoin rally of 2020/21 occurred after a severe underperformance (aka BTC rally). The setup is similar as we start to see global liq...