$BTC dominance just crossed 60%.
Yesterday I asked whether it would break 60% or roll over. It broke.
BTC at $73,812 is down 0.70%. SOL is down 1.91%, $ETH 1.81%, XRP 2.04%. Total market cap is down 3.88%.
That combination is the actual story. The whole market is bleeding, and BTC is taking a bigger share of the bleeding.
Meanwhile 74.7% of futures accounts are still long, up from 73.5% yesterday. Longs are not leaving. They are consolidating into the least-bad coin on the board.
$BTC
Does dominance hold above 60% into the weekend, or is this the top of the rotation?
Yesterday I asked whether it would break 60% or roll over. It broke.
BTC at $73,812 is down 0.70%. SOL is down 1.91%, $ETH 1.81%, XRP 2.04%. Total market cap is down 3.88%.
That combination is the actual story. The whole market is bleeding, and BTC is taking a bigger share of the bleeding.
Meanwhile 74.7% of futures accounts are still long, up from 73.5% yesterday. Longs are not leaving. They are consolidating into the least-bad coin on the board.
$BTC
Does dominance hold above 60% into the weekend, or is this the top of the rotation?