$BTCDOM The monthly level has basically confirmed the trend reversal this time. This is the first time since the current bull market that we have seen such a significant bearish monthly candle for BTCDOM. This signal is quite critical and is a big deal for altcoins.

Recently, many people feel that this is just another pump and dump. The main reason is that in the past couple of days, BTC's market share has dropped to the monthly support level, so a rebound is normal. However, from the current trend, BTC's market share is clearly moving downward. In this situation, funds are indeed starting to slowly flow from BTC to altcoins. However, in the short term, the biggest beneficiaries are still those mainstream altcoins with high market capitalization and a solid foundation; smaller coins may have to wait a bit longer.