#CPI前瞻，12月利率走向迎关键考验
There’s a market setup that’s especially easy to misread: BTC barely drops, but the altcoins in your account turn red across the board—and some even fall harder than BTC.
A lot of people’s first thought is that altcoins are undervalued and will catch up when BTC rebounds. But the problem is, the money may not be ready to come back at all.
I look at the ETH/BTC exchange rate first, then BTC dominance and spot trading volume for altcoins. If BTC is moving sideways, ETH/BTC keeps weakening, and BTC dominance is rising, that looks more like money concentrating in BTC than an altcoin rally about to begin.
Conversely, if ETH/BTC starts strengthening, more altcoins are rising, and spot trading volume is picking up at the same time, then a rotation becomes more credible.
There’s another easy-to-miss possibility: BTC dominance can rise simply because altcoins are falling faster. That doesn’t mean fresh money is actually flowing into BTC.
When you judge whether altcoins are likely to catch up, do you focus more on the ETH/BTC trend, or on overall altcoin trading volume and the number of coins rising?
There’s a market setup that’s especially easy to misread: BTC barely drops, but the altcoins in your account turn red across the board—and some even fall harder than BTC.
A lot of people’s first thought is that altcoins are undervalued and will catch up when BTC rebounds. But the problem is, the money may not be ready to come back at all.
I look at the ETH/BTC exchange rate first, then BTC dominance and spot trading volume for altcoins. If BTC is moving sideways, ETH/BTC keeps weakening, and BTC dominance is rising, that looks more like money concentrating in BTC than an altcoin rally about to begin.
Conversely, if ETH/BTC starts strengthening, more altcoins are rising, and spot trading volume is picking up at the same time, then a rotation becomes more credible.
There’s another easy-to-miss possibility: BTC dominance can rise simply because altcoins are falling faster. That doesn’t mean fresh money is actually flowing into BTC.
When you judge whether altcoins are likely to catch up, do you focus more on the ETH/BTC trend, or on overall altcoin trading volume and the number of coins rising?