Bitcoin Dominance: Is Altseason Still Far Away? đ
Bitcoin dominance remains near the 60% level, showing that BTC continues to lead the crypto market. Recent data suggests that Bitcoin is gaining market share while Ethereum and many altcoins are struggling to keep up.
But rising dominance doesn't always mean Bitcoin is pumping. It can also rise when BTC falls less than altcoins.
For a real altseason signal, I'll be watching three key indicators:
đč BTC.D: A sustained decline could open the door for altcoins.
đč ETH/BTC: Ethereum needs to show strength against Bitcoin.
đč TOTAL3: The total market cap of altcoins excluding BTC and ETH should start trending upward.
My view: It's too early to confirm a new altseason. Until these signals align, staying patient may be wiser than chasing every altcoin rally.
Do you think Bitcoin dominance will break lower soon, or will BTC continue to outperform altcoins?
Bitcoin dominance remains near the 60% level, showing that BTC continues to lead the crypto market. Recent data suggests that Bitcoin is gaining market share while Ethereum and many altcoins are struggling to keep up.
But rising dominance doesn't always mean Bitcoin is pumping. It can also rise when BTC falls less than altcoins.
For a real altseason signal, I'll be watching three key indicators:
đč BTC.D: A sustained decline could open the door for altcoins.
đč ETH/BTC: Ethereum needs to show strength against Bitcoin.
đč TOTAL3: The total market cap of altcoins excluding BTC and ETH should start trending upward.
My view: It's too early to confirm a new altseason. Until these signals align, staying patient may be wiser than chasing every altcoin rally.
Do you think Bitcoin dominance will break lower soon, or will BTC continue to outperform altcoins?