📈📉 What does "Dominance" mean in the crypto world?
"Dominance" (Dominance) refers to the percentage of a specific currency's control over the total market.
🔹 Example:
Bitcoin Dominance
= The market value ratio of Bitcoin compared to the entire market.
📈 If the dominance is 50%, it means that half of the market liquidity is in Bitcoin.
🟢 Why is dominance important?
• Rising Bitcoin Dominance:
All traders prefer safety, and Bitcoin is safe.
Fear in the market, the potential decline of alternative currencies. More than Bitcoin.
• Declining Bitcoin Dominance:
It means a shift of liquidity to alternative currencies, which may mark the beginning of Altseason. The season of alternative currencies.