Now everyone knows that the altcoin season has arrived
But no one tells you how to determine if the altcoin season has come
An important indicator for altcoin movement is the 'Bitcoin Market Dominance'
tradingview chart: BTC.D
🌟
Dominance rising: funds flowing into Bitcoin, Bitcoin sucking blood, altcoin bear market
🌟
Dominance falling: funds flowing out of Bitcoin/funds flowing into altcoins, altcoin bull market
In March 2017, dominance dropped from 80% to 30%, triggering the altcoin bull market
In January 2021, dominance dropped from 70% to 40%, triggering the altcoin bull market
As of December 2024, the current dominance is 56%, already breaking below the ascending channel
The last time dominance plummeted was in January 2021, after which altcoins began to rise, breaking through in June 2023 and continuing to rise until November 2024, while altcoins have been hitting new lows, retail investors are suffering, and it has now dropped below the ascending channel, preparing to welcome a new round of altcoin season.
