The divergence between Bitcoin and altcoins is becoming clearer - is a major correction coming?
Bitcoin is reaching new highest, but what’s unusual is that altcoins are not following the same upward trend.
Data from the Correlation Heatmap – a tool that measures the correlation between Bitcoin and altcoins – is sending a warning signal.
What does this mean?
One possibility is that Bitcoin may be approaching a correction if the current rally is driven mainly by large institutional buyers rather than a broad base of retail investors.
Another possibility is that Bitcoin is entering a phase of solidifying its dominance, positioning itself as the leading digital asset, far ahead of other altcoins.
Chart: Alphractal
