Bitcoin’s price holding at $26,000 could present bullish trading opportunities for altcoins such as TON, XMR, MNT, and QNT. Bitcoin’s velocity has declined to a three-year low, indicating that whales are holding onto their positions. JPMorgan analysts believe that Bitcoin’s downtrend may be ending, as open interest in Bitcoin futures contracts on the Chicago Mercantile Exchange is declining. Altcoins are showing signs of strength, but their performance will depend on Bitcoin’s next move. Technical analysis of TON, XMR, MNT, and QNT charts suggests potential upside if certain resistance levels are crossed. However, traders should conduct their own research and exercise caution when making investment decisions.
