As of writing, BTC dropped 2% while most of the alts dropped 10%-15%. It's crazy how a 2% drop affects the alts this time around. So people ask, why is this happening? Let's explore the possible answers.
This classic BTC movement means that BTC is taking all the funds from the crypto market to be able to sustain its growth. For the record, BTC chart is showing bullish signs leading to the 84k target. It's most likely gonna take another leg up and create new ATH at the expense of the alts. It's vacuuming the money from the alts that it has so much Dominance.
Hence, the heavier an alt coin is traded in BTC pair, the greater the impact, the heavier the fall. If you're into alts, the best way out is to pick those that BTC has below average control like PITBULL, SHIB, DOGE, and others.
How will you know the degree of BTC control? Make it a habit to check contract. Make sure that less than 20% of the token supply is held by CEXs or centralized exchanges. Why? Its because CEX facilitates the BTC pair trading.
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