💡 WHAT IS BTC DOMINANCE? 💡
BTC Dominance (BTC.D) is an index that shows the market capitalization ratio of Bitcoin compared to the entire crypto market. This is an important tool that helps investors analyze market trends.
🔹 Increasing BTC Dominance:
Usually indicates that capital is being concentrated in Bitcoin. This can happen when the market is declining (investors seek a safe haven) or when Bitcoin leads a significant price rally.
🔹 Decreasing BTC Dominance:
Indicates a shift of capital towards Altcoins (other cryptocurrencies). This is a sign that Altseason (Altcoin season) may occur.
Understanding BTC Dominance helps you formulate appropriate strategies in different phases of the market! 🚀
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