Bitcoin Is Rallying!! Are These Cryptos Next!?

If I told you there was one factor you can use to predict altcoin pumps, would you believe me? Well, believe it or not, there is one factor that does this, and it’s one you would never guess: wrapped Bitcoin.

It’s easy to forget that crypto whales don’t always sell to rotate to altcoins. Many of them will instead use their BTC or ETH as collateral to borrow stablecoins which they then use to buy altcoins.

Given that BTC is the best kind of collateral you can have in crypto, knowing which blockchains have the most wrapped Bitcoin gives us a sense of which altcoins could pump when the whales start levering up.

Just don’t ask what happens when they have to deleverage – watch until the end to find out!

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Useful Links

► Wrapped Bitcoin Comparison Between wBTC cbBTC tBTC Full Report: https://s3.cointelegraph.com/A_Comparative_Overview_of_Bitcoin_Wrapping_Mechanisms_2024_Report.pdf

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– TIMESTAMPS –
0:00 Intro
0:48 DeFi Leverage Causes Altcoin Rallies
5:38 Altcoins wBTC Could Pump With Leverage
8:19 Will Coinbase cbBTC Pump Solana?
11:32 tBTC And Decentralized Wrapped bitcoin
14:58 How Will Wrapped Bitcoin Affect BTC Price?
18:30 Why Wrapped Bitcoin Leverage Could Cause The Next Crash
21:43 Outro

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Disclaimer

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#crypto #btc #bitcoin