Liquidity returns to altcoins📈

The halving is behind us and it is now clear that BTC will punish short sellers at the 71-72k mark with an ATH update. There are 5-6 billion liquidations accumulated there. I wrote about this earlier in my last post.

Today, Bitcoin rose from 63k to $65,500, at the same time its dominance over BTC.D collapsed and altcoins began to recover. Bitcoin needs to surpass the $65,500 mark and gain a foothold there to grow further.

But there are still few episodes on the market because today is Saturday. I expect altcoins to grow further and Bitcoin volatility to decrease. I expect Bitcoin dominance to drop to 54.5-55% in the coming days, which will accelerate the recovery of the altcoin market.