The market capitalization ratio of the big pie was at a relatively high level on the daily td13 mentioned yesterday. If you are optimistic about the rise, compare the three situations below. For example, in Figures 3 and 4, the price of large pie has basically remained unchanged compared to the previous high point. As for the overall market value of the pie, we can see that it has fallen a bit. These falling market value ratios have been allocated to other Bi species, either aunties or thousands of other copycats, just a few 0.2 As a proportion of the market value, apt will definitely get a little more and it will nearly double. There is another small detail. After the big pie surged and fell back in the early morning, it can be clearly seen that the market value ratio fell faster than the price. This means that when the price fell, the copycats fell less. When the big pie started to rebound again, the market value was still there. Falling means that the copycats will rebound slightly more than the big pie. Therefore, it is currently equivalent to the second situation. The price of the pie has been sideways for several days. #crypto2023
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European Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators