๐ Market Shift Incoming?
#Glassnode reports that #BTC dominance peaked at 64.4% on May 8 โ but since thenโฆ
๐ธ $ETH dominance is up to 9.75% (+3%)
๐ธ Altcoins climbed to 22.35% (+2%)
๐ธ Stablecoins dropped to 6.3%
๐ง Even with these moves, both ETH & alts are still below previous cycle highs (18% & 28.5%).
๐จ Bottom line: This is still a $BTC-led cycle, but capital is starting to rotate. ๐
