Fear and greed index is on the right of the screen, look at the greed level at 80, they are greedy for you... Do you think the bull has come? Are we bulls at the moment? Well, then why don't the bottoms accompany the rise of #BTC‬ ? Why are they being crushed? If #BTC‬ continues to do the moves he did in the past, which is likely to happen, I'm still a bull. I'm not completely convinced that you're coming, that's where dominance comes into play.

What is Bitcoin Dominance?

Bitcoin has been the biggest actor in the cryptocurrency market since its first production in 2009. Although there are many cryptocurrencies in the market, no cryptocurrency has managed to surpass Bitcoin in terms of market dominance. Bitcoin Market Dominance or Bitcoin Dominance is a data expressing the ratio of the market value of Bitcoin to the general value of the cryptocurrency market.

When historical data is examined, it is seen that Bitcoin dominance, which was over 96 percent in 2013, decreased to 32 percent in 2018. The underlying reason for this major decline is the increase in transaction volumes of other cryptocurrencies, especially Ethereum.