*Important Note*
When the price of Bitcoin (BTC) and its market dominance (Dominance) are both rising simultaneously, it often means that investors are pulling their money from other cryptocurrencies (such as Altcoins like Ethereum, BNB, Solana, etc.) and investing it in Bitcoin.
**Explanation in simple words:**
1. **Bitcoin Dominance:** This means what percentage of the total money invested in the entire crypto market is solely in Bitcoin.
2. **When both price and dominance increase:** If the price of Bitcoin is rising and its market share (Dominance) is also increasing, it indicates that most people are either selling their Altcoins to buy BTC or that the new money entering the market is primarily being invested in BTC.
3. **Implications for Altcoins:** Since money is flowing from Altcoins into BTC, the demand for Altcoins decreases and selling pressure increases on them. As a result, their prices start to fall (i.e., they are "dumped").
4. **Advice:** Therefore, when you see that both the price and dominance of BTC are rising, it usually is not a good sign for Altcoins. In such a situation, it is better to avoid buying Altcoins or taking long positions (i.e., buying with the hope of price increase) as they are more likely to decrease in value.
