📈📉 What does dominance mean in the crypto world?

"Dominance" refers to the percentage of a particular coin's dominance over the overall market.

🔹 Example:

Bitcoin Dominance

= the percentage of Bitcoin's market capitalization compared to the entire market.

📈 If dominance is 50%, it means that half of the market liquidity is for Bitcoin.

🟢Why is dominance important?

• Bitcoin Dominance Rise:

All traders prefer safety, and Bitcoin is a safe haven.

Fear in the market: The possibility of altcoins falling. More than Bitcoin.

• Bitcoin Dominance Fall:

It means liquidity is shifting to altcoins, potentially marking the beginning of altseason.

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