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🔍 What is BTCDOM and how does it work in Binance futures?
In the world of Binance futures, one of the most ignored but powerful indices is the $BTCDOM , or Dominance Index of $BTC . This indicator reflects how much of the total capital in the crypto market belongs to Bitcoin compared to other cryptocurrencies (altcoins).
📉 Why is it so important?
BTCDOM is key to anticipating movements in altcoins.
When $BTCDOM rises, it means that money is flowing into Bitcoin. In this scenario, altcoins usually retreat or lose value.
📉 Why is it so important?
BTCDOM is key to anticipating movements in altcoins.
When $BTCDOM rises, it means that money is flowing into Bitcoin. In this scenario, altcoins usually retreat or lose value.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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