Total crypto market cap is 2.44 trillion dollars, down 3.32 percent in a day, and Bitcoin dominance is 60.6 percent. Alts are bleeding. 📊
CoinGecko global data checked at 14:00 PKT on 12 November puts total market cap near 2.44 trillion dollars, down 3.32 percent in 24 hours, with Bitcoin dominance at 60.6 percent and Ethereum dominance at 10.3 percent. 📉 That means money is not leaving crypto for cash only, it is also rotating out of altcoins and into Bitcoin, which is the classic fear pattern. My reading is that alt season is nowhere near while dominance keeps climbing, because every alt bounce gets sold into Bitcoin strength, and traders should wait for dominance to turn down before chasing alt longs.
Does Bitcoin dominance peak here, or push past 61 percent first? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Dominance
CoinGecko global data checked at 14:00 PKT on 12 November puts total market cap near 2.44 trillion dollars, down 3.32 percent in 24 hours, with Bitcoin dominance at 60.6 percent and Ethereum dominance at 10.3 percent. 📉 That means money is not leaving crypto for cash only, it is also rotating out of altcoins and into Bitcoin, which is the classic fear pattern. My reading is that alt season is nowhere near while dominance keeps climbing, because every alt bounce gets sold into Bitcoin strength, and traders should wait for dominance to turn down before chasing alt longs.
Does Bitcoin dominance peak here, or push past 61 percent first? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Dominance
