Total crypto market cap is 2.41 trillion dollars, down 4.24 percent in a day, and Bitcoin dominance is 60.5 percent. The whole market is shrinking. 📊
CoinGecko global data checked at 17:00 PKT on 12 November puts total market cap near 2.41 trillion dollars, down 4.24 percent in 24 hours, with Bitcoin dominance at 60.49 percent and Ethereum dominance at 10.19 percent. 📉 That is a bigger one day fall than the 3.32 percent drop at 14:00, which means the afternoon session made things worse, not better, and money is rotating into Bitcoin, not into altcoins. 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 near 60.5 percent, or push past 61 percent first? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Dominance
CoinGecko global data checked at 17:00 PKT on 12 November puts total market cap near 2.41 trillion dollars, down 4.24 percent in 24 hours, with Bitcoin dominance at 60.49 percent and Ethereum dominance at 10.19 percent. 📉 That is a bigger one day fall than the 3.32 percent drop at 14:00, which means the afternoon session made things worse, not better, and money is rotating into Bitcoin, not into altcoins. 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 near 60.5 percent, or push past 61 percent first? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Dominance
