The performance of altcoins is rubbish, and the market is back to Bitcoin dominance

When the correlation between altcoins and Bitcoin becomes negative and reaches low values, it indicates that the market is in a high-risk area, such as when Bitcoin was trading at nearly $108,000 last month.

Now, altcoins are starting to follow Bitcoin's trend again - if Bitcoin falls, they may follow it, and if Bitcoin rises, they will also rise.

Uncle Miao believes that we are in a stage where Bitcoin's dominance is stabilizing or continuing to rise, and the market volatility will continue!