Trader CryptoCapo: The Bitcoin frenzy is already apparent, and it's only a matter of time before a reversal occurs. Most altcoins are in a downtrend.

Trader CryptoCapo posted in his community, "Bitcoin has continued to show strong momentum since the Middle East ceasefire on June 22. Some altcoins are starting to catch up, but most are still in a clear downtrend, forming lower highs. Traditional markets are showing signs of weakness and may be forming a top. Bitcoin's frenzy has emerged, and I personally think a reversal is only a matter of time. Currently, all my short positions are at a loss. Fortunately, the leverage used is very low, so to the disappointment of some, I have not been liquidated yet. Even if I were liquidated, these positions would not represent my entire net worth. They are strategically built positions to validate my market judgment and serve as a hedge against possible 'black swan events' - although this idea sounds crazy now, the possibility still exists." [Odaily Planet Daily News]