BTC.D (Bitcoin market capitalization share)
In everyone's impression, Bitcoin seems to be relatively resistant to declines, but in the past two days, the altcoin seems to be more resilient. Is the altcoin season coming?
In my opinion, the altcoin has fallen too much before, and those who should sell have sold, and those who just bought will not sell in the short term. The market supply begins to weaken, so it naturally falls more slowly.
We pay attention to this index of BTC.D. The decline of BTC.D means that the market share of Bitcoin has fallen, which means that the altcoin is more resilient.
From the figure, we can see that BTC.D has maintained an upward trend for more than a year, and it is still in a healthy state.
When will the altcoin season come? We still have to wait for the trend of BTC.D to change before we have a chance.
