Yesterday, BTC hit another record high, with prices reaching a new peak 🚀.
BTC’s dominance continues to climb every week, setting new highs 📈.
When will the altcoins we hold usher in a rising market?
This starts with the market cycle of BTC.
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✦In the year of Bitcoin halving, historical data shows that BTC has performed better than altcoins, which makes BTC occupy a higher dominance.
✦The reason for this situation is the tightening of Bitcoin supply and the accumulation of whales (large investors).
✦This phenomenon has occurred in 2012, 2016, 2020, and now it is happening again. Once the price of BTC stabilizes above its historical high, altcoins will start to recover 🚀.
When BTC’s dominance begins to decline, the altcoin frenzy will rise accordingly.
In the last week, BTC's dominance has barely dropped, while altcoins have seen a 30% - 50% increase in a single day. My public account: Bi Lao Yan, Mian Fei Jia Qun.
You can imagine what would happen if BTC's dominance fell below 50%?
What would happen if BTC's dominance fell below 40% or even 35%? 📉 $BTC
