#BTC上攻11万

Bitcoin's Dominance and Exchange Reserves

Bitcoin's market dominance is 58.43%. This means that investors hold more Bitcoin than other cryptocurrencies. Historically, whenever BTC's dominance falls below this point, the price of BTC tends to decline as well, so it can be said that this specific area is a support zone. Currently, we can see that the price is declining, but dominance is rising, which means that funds will soon start flowing out of altcoins and into Bitcoin. However, before that happens, the price must adjust and form a bearish market sentiment. BTC exchange reserve data shows that reserves have been declining since February 2024, while prices have been rising. This indicator shows the amount of Bitcoin on exchanges. The decline in numbers suggests that people are moving cryptocurrencies from exchanges to cold storage, indicating that bullish momentum is strengthening. Looking back over the past few days, we can see that exchange reserves increased at one point. This is because when the price exceeded $100,000, whales moved their cryptocurrencies out to sell. Now, the downward curve again signals an upcoming bullish trend.

What expectations do you guys have?