Bybit Analysts Indicates Alt-Season Maybe Upon Us Despite Fears of Rampant Volatility

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Following the tumultuous last couple of days that saw Bitcoin plunge to lows of $28,950, the market as a whole has proceeded to make a swift recovery, with a vast majority of the top-10 cryptos once again sitting in the green. And while that may be a regular day in the office for most crypto investors, an increasing number of analysts have been issuing warnings for individuals to brace for impact as the coming few weeks and months could see an increased amount of volatility. Despite all of the sell-offs and volatility that was witnessed over the last week, data available online clearly shows that the number of addresses with 1,000 or more bitcoin (referred to as “whales” in the crypto world) has continued to increase. This “buy-the-dip” strategy is not uncommon and has traditionally been used by investors across markets. However, this time around, with the introduction of institutional…

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