The bottom line is that a 5% drop in Bitcoin means a 100% drop in other currencies, that is what I understood.
CRYPTO_VALLEY
--
Bullish
This is a very important matter for everyone $BTC
Cryptocurrencies skyrocketed at the end of 2023 as a result of Bitcoin's dominance dropping to only 7%
Cryptocurrencies skyrocketed at the end of 2024 as a result of Bitcoin's dominance dropping to only 7%
This means that just one month's candle with a slight decline in Bitcoin's dominance can trigger an explosion in cryptocurrencies.
So, what do you think will happen on the day when Bitcoin's dominance collapses? What will be the fate of cryptocurrencies?
The chart is in front of you; review the dates.
"The key takeaway for everyone is that cryptocurrencies skyrocketed at the end of 2023 and 2024 when Bitcoin's dominance plummeted to just 7%. This suggests that even a slight decline in Bitcoin's dominance over a short period can trigger a massive surge in cryptocurrencies.
So, imagine what will happen when Bitcoin's dominance eventually collapses. What will be the consequences for cryptocurrencies? This chart illustrates the correlation between Bitcoin's dominance and cryptocurrency performance. Review the dates and you'll grasp the relationship." #BNBChainMeme #BTC #BTC走势分析 #bitcoin #TRUMP $BNB $SOL
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.