Positive inflow of Bitcoin funds worth $75 million. Buying momentum is weak, but there are still three days left until the U.S. market closes. ⏳️🇺🇲 $BTC
1️⃣ BRICS Summit – Monday 2️⃣ U.S. Consumer Credit Data – Tuesday 3️⃣ Amazon Prime Day – Tuesday ($AMZN) 4️⃣ Trump Tariff Deadline Ends – Wednesday 🔸 A pivotal moment... Will Trump make a move afterward? 5️⃣ FOMC Meeting Minutes – Wednesday 🔸 Insight into behind-the-scenes discussions on potential rate cuts 6️⃣ Delta Air Lines Earnings – Thursday ($DAL) 7️⃣ Initial Jobless Claims – Thursday 8️⃣ Tesla Stock Under Pressure after Musk announces formation of a new political party opposing the traditional two-party system
📊 A busy week filled with political and economic events... Prepare for volatility!
Looking back at previous cycles, historically, Bitcoin dominance starts to decline approximately 238 days after the peak — this gives altcoins some breathing room and they begin to explode afterward.
🟢 In this current cycle, there's roughly time until the end of this year for it to complete.
📌 However, we haven’t yet witnessed any altcoin explosion.
📌 The key level for a drop in Bitcoin dominance will be between 65% and 70%. If dominance starts to fall within that range during this period, it could signal the start of altcoin season — but it would happen very rapidly.
Bitcoin dominance refers to Bitcoin’s share of the total cryptocurrency market capitalization.