Read Bitcoin Dominance Explanation Here 👇👇👇
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🟧 Bitcoin dominance measures the performance of #Bitcoin relative to all other assets in the crypto market.
👉 It shows us how much percentage of the total money in the crypto market is invested in BTC at any given point in time.
🔶When Bitcoin Dominance goes ⬆️, it means that people are investing more in bitcoin as compared to alts. This means either of the 2 :
✅1. BTC is going up faster than alts.
✅2. BTC is going down slower than alts
🔶When bitcoin dominance goes ⬇️, it means people are removing money from bitcoin and investing more in alts instead. This means either of the 2
✅1. Alts are going up faster than BTC.
✅2. Alts are going down slower than BTC
👉Usually, in a bull market, dominance goes ⬇️ as people invest in alts more than Bitcoin to secure more gains.
👉Usually, in a bear market, dominance goes ⬆️ as people invest more in bitcoin than alts since it is relatively less risky than alts
So Learn This And Apply on Your Traders 🤜🤛
Learners Always Win the Game 🎯
And Trading Is A Game of Psychology & Your Mind 😁
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