If you had Long BTC.D (Bitcoin Dominance) at the price level of 879 and held until now (around 4,850), then this is one of the biggest "account-burning" events for the altcoin side.
1. The significance of Long BTC Dominance:
• An increase in BTC Dominance means that capital is flowing strongly into BTC, while altcoins are being drained.
• Going Long at a bottom level like 879 is an extremely accurate way to catch the wave of capital flow.
• From the level of 879 up to the peak of 5,650 and currently still around 4,850, the profit can exceed 450% if leverage is used.
2. Significance for the market:
• When BTC.D increases, altcoins often experience a sharp decline or weak sideways movement.
• This is when altcoin investors face the most psychological challenges. Many people get stopped out, feel frustrated, and leave the market.
3. Message:
Long BTC Dominance is placing trust in the flow of money towards safe havens. Those who understand the flow of money will survive in every market season.