$BTC THETA is falling just like many cryptocurrencies, and although it seems like a free fall movement, something important catches my attention from a macro perspective.

1: BTC dominance has reached its dynamic bullish resistance line, which indicates a very likely reversal in dominance.

2: BTC touches 88k, thus having a price action uncorrelated with equity markets.

These two points indicate something extraordinary, and that is the appreciation of BTC as a store of value asset. If it remains above 87,500 in a stable manner, it will gain much more traction. In this scenario, it is just a matter of time before the BTC whale drags the altcoins.

Another aspect I was analyzing is that, generally, exaggerated drops like the one Theta has experienced usually see recovery in a V-shaped bounce. That is, when we have a reversal, the rise will be very aggressive upwards.