According to Cointelegraph, on December 26, BTC fluctuated due to an error in TradingView chart data, and the BTC price briefly fell by about 4%.
TradingView's Bitcoin market share chart shows that BTC's share has dropped to 0%, triggering panic selling in the market and causing BTC/USD to fall. CoinGlass data shows that about $33 million of BTC longs were liquidated within four hours.
Trader Satoshi Flipper pointed out that TradingView's error caused the market to overreact. Aqua believes that BTC market share has reached 2021 levels and retreated, and expects ALTs to outperform BTC in the coming months. Analyst Michaël van de Poppe compared the potential of ALTs with the Internet bubble in the early 2000s and believed that ALTs valuations are still low. Investors Eljaboom and Xoom are optimistic about BTC's short-term prospects and expect BTC prices to rise sharply in the first quarter of 2025.
