📊 What is Bitcoin Dominance?

A dominance of $BTC means the percentage that it holds of the total value of the cryptocurrency market. For example, if the dominance is 50%, this means that almost half of the entire market value is Bitcoin.

🔎 Why is it important?

Rising Bitcoin dominance = investors seek safety in Bitcoin and move away from alternative coins (#Altcoins).

Falling dominance = a signal that money is flowing more towards alternative coins like $ETH and $BNB , and this is when what is called Altseason begins.

⚡ In summary: Monitoring Bitcoin dominance helps you understand where liquidity is moving, and whether it is the right time for altcoins or better to stick with Bitcoin.

---

#Bitcoin❗ #Ethereum #altcoins #Crypto

❓ My question to you: Do you prefer to invest in Bitcoin as a safe asset or do you prefer to take more risks with alternative coins?