Bitcoin's market share has reached 61.45%, remaining high for a month. What does this mean?
Since February 25th of last month, it has consistently stayed above 60%, maintaining a near four-year high since March 2021. The high market share reflects the stagnation of the altcoin market, with trading conditions remaining at a freezing point, but it also indicates that a rebound may be imminent.
According to historical data, when Bitcoin's market share surged above 60% last November, altcoins entered a mini bull market. In both 2019 and 2021, Bitcoin's market share hit highs of over 70%, followed by a significant rally in the market. What do you think will happen this time?
