📌 Why do I choose Bitcoin instead of altcoins even though Bitcoin's dominance is constantly increasing?
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Altcoins have indeed dropped sharply; any respectable rebound could push the price up 10-40% in a single day depending on market capitalization. In this scenario, the chance of exiting the short with a minimal loss - as I did in the previous hedge - is almost nonexistent.
I can distribute the short across 5-10 coins, but keeping track of this race is a headache, and Bitcoin's dominance has been rising for months without a significant correction.
On top of that, I expect TOTAL3 to drop to at least 850 billion, with the second target being one trillion.
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So, when it comes to hedging and not classic trading, I prefer one clear asset that I can play within a wide range without fearing crazy tails. Bitcoin is the choice.$BTC