BITCOIN'S DOMINANCE COULD DELAY THE ALTCOIN SEASON.
Bitcoin is unstoppable, and there is some concern for the famous altcoin season! I've always thought that for altcoins to really take off, Bitcoin needs to lower its dominance a bit. It's as if everyone is putting all their money into BTC, which is great, but what about the rest?
If Bitcoin remains so strong, capturing most of the market liquidity, I don't see how altcoins are going to have their moment of glory.
Historically, it works like this: BTC goes up, people take profits and put them into altcoins, and that's when the party starts! But if Bitcoin doesn't ease up, when is that going to happen? It's what many in the community are asking ourselves. It seems that for now, altcoins will have to wait for BTC to calm down or perhaps have a small correction to be able to shine. Let's see what happens...