🔥DOM - Chart "Market Capitalization Ratio of Bitcoin" measures the market share of the total capitalization of the entire Crypto market...

DOM has decreased sharply for 3 consecutive days, dropping from 65.5% nearly to 62.5%, maintaining a decrease of ~1% each day. Now DOM needs to recover back around 63.3-64.3 before creating a further downward trend.

🔸Visibly, it can also be seen that the market has increased for 3 consecutive days recently, especially how altcoins have surged, with capital flowing into the Crypto market increasing by 400 billion dollars. The most recent peak market capitalization was in November 2024 when the market reached 3,900B$.

📌However, currently, the altcoin pump is just superficial, only heavily boosting memecoins and AI, while other tags are sluggish, with only a few top tokens being pumped.

🔸It’s not necessarily an uptrend; while it has yet to create a new ATH, in the worst-case scenario, it could form 2 peaks and break down. The market pumps but also needs to correct, just a gentle reminder, when scalping, one must watch the chart, look at the orders clearly, and avoid jumping into FOMO long blindly.

"For those margin trading with leverage, when entering long, there tends to be a mass long position, with many tokens pumping 20-50% and only correcting 10%, it could lead to auto liquidation and heavy losses due to leverage and multiple orders." Please be cautious when FOMOing and trade safely!