[Bitfinex Alpha: If BTC dominance has reached a local apex, small currencies may outperform the market in the coming months] Golden Finance reported that the Bitfinex Alpha report showed that Bitcoin fell 10.7% in the first week of September, continuing the downward trend since the end of August, and the price fell below the key low of $56,711 on May 1. The sell-off has led to a reduction in leveraged positions, and the market may be close to a local bottom. Last week, Bitcoin's market capitalization fell by 1.3%, while the market capitalization of other crypto assets other than the top 10 currencies increased by 4.4%. This shift suggests that investors may be looking for value in small currencies. However, small currency open interest has also fallen by 55% from its historical high, indicating a weakening of speculative sentiment. Analysts believe that if Bitcoin dominance does reach a local apex, small currencies may outperform the market in the coming months, laying the foundation for a bull market in the fourth quarter.

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