🔥 Bitcoin raises its range… while alternative coins fall back! Where did the liquidity go? | Analysis of TOTAL 1 and TOTAL 3
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The overall situation is good and steady, but behind the price movement there are details that candles alone do not reveal.
Let’s go back to the scene of yesterday, when we noticed that alternative coins outperformed Bitcoin on the upside, even though Bitcoin was moving within a narrower range than what we see today.
This outperformance was not random, but the result of one of the factors we previously pointed out: the difference in growth rates between the overall market value of the market (TOTAL 1) and the market value of altcoins excluding Bitcoin and Ethereum (TOTAL 3).
Let’s read the numbers:
TOTAL 3: positive growth of 1.86%.
TOTAL 1: positive growth of 0.68%.
Outperformance ratio: TOTAL 3 achieved growth of nearly three times TOTAL 1’s growth, with a correction in the share.
Here lies the key point in the analysis:
When the output of TOTAL 3 outperforms TOTAL 1 by about three times or more, we have a favorable environment for altcoin outperformance—because their growth is faster than the growth of the broader market value. This is what allows them to achieve better performance even if Bitcoin moves within a limited range.
But what changed today?
The picture has been reversed!
Bitcoin is moving today within a higher range than yesterday, yet we find that altcoins are moving within a lower range than their previous one.
And this paradox is the whole point; Bitcoin’s range expansion didn’t translate into altcoins, because the environment that supported their outperformance yesterday is no longer present in the same way.
Today we notice a slight outperformance in the broader market value output compared to TOTAL 3, after yesterday the outperformance was clearly in favor of altcoins.
So what are we waiting for then?
We’re waiting for TOTAL 3 to return and regain the lead, and for its positive output to be ahead of TOTAL 1 by roughly three times or more.
Only then can we again talk about the return of the favorable environment for altcoin outperformance, instead of merely watching Bitcoin’s rise and waiting for its effect to transfer to them.
The takeaway I want to convey is:
Don’t measure the strength of altcoins by Bitcoin’s movement alone, and don’t be fooled by the widening of its range; what matters isn’t only that the market rises, but where the growth concentrates, and which part of the market captures the largest share of that growth.
Yesterday, altcoins had the advantage despite Bitcoin staying calm, and today Bitcoin’s range widened while the altcoin advantage shrank.
The difference wasn’t created by Bitcoin’s movement, but by reading the engines and the distribution of liquidity.
This is not financial advice—it's just reading what the chart hides from beginners in this field; don’t base any financial matters on it. Do your research and make your own decision.
God knows best.
Good luck to everyone.