Acquisition 62.70%
Not 65%
But dropped from yesterday to 62.75%
Dominance Analysis (Bitcoin Market Share):
Bitcoin's market share has reached 65% as the upward momentum continues towards the next target at 66.5%. This rise reflects an increasing concentration of liquidity on Bitcoin, delaying any talk of a true breakout for altcoins until this indicator begins to decline.
To understand the picture more clearly, here are the key scenarios:
1. Rising dominance with Bitcoin's increase = Clear strength in Bitcoin and liquidity flowing towards it.
2. Falling dominance with Bitcoin stable or rising = A golden opportunity for altcoins, and a sign of liquidity distribution.
3. Falling dominance with Bitcoin's decline = Panic signals and liquidity exiting the market entirely.
In short: The key to the altcoin season is a decline in Bitcoin's market share.
As long as it is rising… it is best to be cautious and rely on reason rather than emotion.
#GhazwanCrypto
Bitcoin's market share has reached 65% as the upward momentum continues towards the next target at 66.5%. This rise reflects an increasing concentration of liquidity on Bitcoin, delaying any talk of a true breakout for altcoins until this indicator begins to decline.
To understand the picture more clearly, here are the key scenarios:
1. Rising dominance with Bitcoin's increase = Clear strength in Bitcoin and liquidity flowing towards it.
2. Falling dominance with Bitcoin stable or rising = A golden opportunity for altcoins, and a sign of liquidity distribution.
3. Falling dominance with Bitcoin's decline = Panic signals and liquidity exiting the market entirely.
In short: The key to the altcoin season is a decline in Bitcoin's market share.
As long as it is rising… it is best to be cautious and rely on reason rather than emotion.
#GhazwanCrypto
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
95,792.45
-0.77%