This young man works at Wintermute, sharing about the dominance level of BTC.D is showing that$BTC is very high, alts are being undervalued. Basically, he views BTC.D will reverse and drop sharply, alts are being undervalued => rise strongly.
Ignoring the short-term pitches, in the long term this market will definitely continue to develop and cannot lack alts. There will be no situation where$BTC only rises while the rest just moves sideways, crashes & dies => at some point BTC.D will decrease, alts will rise, even rise very strongly.
In financial markets, the next cycle is always larger than the previous one. This is almost a given as the influx of capital increases over time. This crypto season has seen a larger amount of money coming in, the total amount of stablecoin has surpassed the peak of the previous cycle but only Bitcoin and a few others have been pushed. The top cap of the previous cycle reached a market cap of around several dozen billion $ is normal, around 7-8-10 billion is also a lot. Now most are still sluggish, to reach the market cap like the previous cycle, it still needs to at least x3 x5 the current price, not to mention higher milestones.
Indeed, there are more coins this season than last season, but 2020 also had more coins than 2017, and it still increased as usual. The pile of junk coins this season is many but is quickly eliminated, the recent wave has filtered quite a bit. The market cap of 1-2 billion last year, now many are only left with 50-100-200 million, 5-10 billion now down to 500 million - 1 billion. Overall, most have fallen to very low market caps, now saying they will die + delist is unreasonable even if the macroeconomic situation worsens (very bad but showing signs of gradually improving).
The financial market just experienced a strong panic sell-off since December 2024. Everyone is worried about recession and tends to be defensive, lowering expectations and being more cautious. The continuous breaking of gold's peak is evidence of this. If you were a bookmaker, what would you do? 😁
The monthly gold chart is in a strong overbought state and is showing signs of forming a peak, it may take about 6 months - 1 year for people to clearly see this peak. I see a possibility that the bookmaker is leading everyone to chase gold at its peak, then pushing stocks, coins to a certain level that forces people to fomo in => chase the peak again => Downtrend & recession.
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