- It is used to identify potential trading opportunities.
For example, if dominance or holding is high for#BTCit may be a sign that the downtrend is about to continue.
- If the#BTCholding declines, it may be a good indicator for the rest of the currencies to rise.
🔷
🔷
What is the relationship between Altcoins, Dominance and Bitcoin? :-
🔴 Simply Dominance: It is the percentage of possession or dominance of#Bitcoin💸 in the digital currency market, and the lower the percentage, the greater the opportunity for other currencies to rise 🕯
⬅️ Here is how you can benefit from acquiring Bitcoin:-
2️⃣ Short-term holders accumulated over 1 million BTC.
3️⃣ MicroStrategy and US spot ETFs each acquired nearly 200,000 BTC.
This shows a significant redistribution of Bitcoin supply, with institutions and short-term investors stepping in to fill the gap left by long-term holders.
Since early October, long-term crypto holders have sold over 128,000 BTC, indicating an acceleration in profit-taking as Bitcoin approaches the key $100,000 level. 📉
🔍 Bitcoin Market Cycle Analysis: Analysis of the Four Phases Shown in Colors..
🔴 Strong Bear Market: The price is trading below the realized price, indicating extreme pessimism and low value.
🔵 Early bull market: Bitcoin is rising between the realized price and the true market average, indicating early signs of recovery and renewed investor interest.
According to #Glassnode’s NUPL (Net Unrealized Profit/Loss) indicator, long-term#BTCholders are holding on tight, showing no signs of selling on a large scale.
Instead, they are holding on and even accumulating more, indicating strong confidence in the long-term outlook.
The data suggests that we are still far from the peak of euphoria, as the trend is currently in an active growth phase.