According to Michaël van de Poppe, Bitcoin has decreased by 10% over the past week, while altcoins like $OP, $TIA, and $REZ have gained 30%, 40%, and 60% against Bitcoin respectively. This shift indicates a growing risk-on appetite among traders, as utility-based altcoins are gaining traction. Source: Michaël van de Poppe (@CryptoMichNL)

According to Michaël van de Poppe, significant bullish divergences are appearing in the cryptocurrency markets for $W, $REZ, and $OMNI, which are expected to gain more validation this week. This indicates potential upward momentum in these assets, suggesting traders might consider monitoring these divergences for strategic entry points. Such divergences often precede price increases, making them crucial for short-term trading decisions (source: Michaël van de Poppe).

According to Michaël van de Poppe, $OMNI, similar to $REZ and $W, is showing signs of a potential massive bullish divergence. Despite this, he notes that the upward momentum is not as strong as desired this week, indicating the need for traders to monitor the strength of this potential upward trend closely.