💸 Dominance is breaking records again

Friends, Bitcoin dominance has reached its highest level since February 2021 — 64%!

🔤 The unfortunate part is that there are still no signs of a reversal, which means altcoins are likely to continue their decline.

Due to Bitcoin’s overwhelming dominance, the altcoin sector simply has no room to move independently.

That’s why expecting any strong growth from alts right now is unrealistic.

It’s also important to note that the current situation is amplifying the capitulation effect across the altcoin market.

❕ Many traders and investors, especially newcomers, are starting to exit their positions at a loss, which only accelerates the downward movement — and, at the same time, brings us closer to the bottom 🐳