3 charts correspond to:
TOTAL : Total market capitalization of cryptocurrencies;
TOTAL2 : Total market capitalization of digital currencies excluding BTCUSD;
TOTAL3 : Total market capitalization of altcoins excluding BTC and ETH.
It is clear that both altcoins and ETH are being dragged down; this year is a solo performance by BTC in the market.
This also means that only when BTC starts to rest can other markets become active again.
From the perspective of total market capitalization, TOTAL2 and TOTAL3 have both returned to the key long-term central levels of market capitalization, which can also be seen as a turning point for the strength and weakness between the altcoin market and BTC, indicating that the altcoin season is expected to begin budding from now on.
TOTAL2's market capitalization will show an observation point at 2T, while TOTAL3's market capitalization will face an observation point at 1.35T.
Currently, this is a suitable time to participate in altcoins excluding BTC.
