First, why use BTCD to determine altcoin season?
Define two concepts
BTCD refers to Bitcoin's market dominance, which is the proportion of Bitcoin's market capitalization to the total market capitalization of the entire cryptocurrency market, used to measure Bitcoin's dominant position in the market.
Altcoin season refers to a period when the prices of other cryptocurrencies, excluding Bitcoin, rise significantly relative to Bitcoin.
The two appear independent but are actually closely linked through the flow of market funds.
Past experiences drive traders to exchange for altcoins after Bitcoin rises significantly, hoping to catch up with the rising trend and pursue higher returns. A large outflow of funds from Bitcoin leads to a surge in altcoin prices, signaling the arrival of altcoin season.
Keep an eye on: SUI SPK SOL RAY PEPE TRUMP FIL
