First time this cycle so far that Bitcoin dominance drops sharply and doesn't immediately recover.
While this is still not enough of an accurate 100% guaranteed signal it does highlight a potential shift.
Adding to the fact that Ethereum has begun to consistently outperform Bitcoin since 2-3 months ago also says something.
There are good odds that Bitcoin still goes up a bit further this cycle. But as long as Ethereum (and other alts) go up FASTER (outperform) Bitcoin dominance could still go down.
Even while it's rising in dollar value.
Ethereum has always been a no brainer for me in this phase of the market (which I've let you know vigorously). Upside vs Bitcoin at $100k while it was sitting at $2k is unmatched.
Same thing with a specific set of alts. But ONLY if you know how to navigate this space (most are still better off not being in the "trenches").
Bitcoin dominance will further reflect this.
