Bitcoin Holds Ground Amid Altcoin Correction

Despite a broader decline in the cryptocurrency market, Bitcoin has shown remarkable resilience, according to a recent report by Odaily. Macro researcher Adam at Greeks.live reveals that a significant bearish sentiment exists among traders regarding altcoins. Many traders have reported losses of 50% in their portfolios, with both Ethereum and other altcoins struggling to surpass their 21-day moving averages. In contrast, Bitcoin appears relatively robust, with some traders noting increased buying activity. However, the $88,000 mark remains a crucial resistance point for Bitcoin as traders closely monitor its performance.