You don't see this often, do you?
I think many did not expect to see such a situation, as after the first red candles from Bitcoin, there was noticeable panic in the chats. But, what did we ultimately get?
At that moment, most altcoins, led by ETH and SOL, started reacting negatively to Bitcoin. Falling dominance + falling Bitcoin = rising altcoins. Even this happens. Not often, of course, but it happens once every 4 years and a stick shoots.
In fact, all this reminds me of the rebalancing of positions by a major participant. This does not mean at all that Bitcoin will not grow anymore, but it's a good signal that, perhaps, we have taken the first step towards that long-awaited alt-season.
If dominance continues to decline, altcoins should not suffer much even if Bitcoin drops below 90k, where it is more likely to find stronger support with a possibility of a V-shaped reversal.
With falling dominance, if Bitcoin enters a consolidation phase, we could witness a significant explosion in altcoins, including Ethereum stepping out of the shadows.
I'm sure you couldn't make money on this news. On my parallel channel, I explain how to work with news, earn money from retro drops, and profit from arbitrage, so if you don't want to end up at the end of the bull market in tattered pants, Pavel Durov will tell you where to find me 😏
Max_pro_crypto