The whole market is worth 2.601 trillion dollars late tonight, and almost everything is red except the fear trade. 📊
CoinGecko data checked late on 2 November puts total market capitalisation at 2.601 trillion dollars, with Bitcoin dominance at 59.31 percent and Ethereum at 10.54 percent, while Ethereum trades near 2,248 dollars, down 0.73 percent. Fear sits at 37 on Alternative.me, still in Fear, unchanged from the evening. 😨 My reading is that a falling market with dominance still above 59 percent is a Bitcoin-led slide, not an altcoin crash on its own, so altcoin shorts have the wind behind them tonight while altcoin longs are fighting both Bitcoin and sentiment.
Is dominance above 59 percent a shelter tonight, or proof that altcoins have nowhere to hide? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketData
CoinGecko data checked late on 2 November puts total market capitalisation at 2.601 trillion dollars, with Bitcoin dominance at 59.31 percent and Ethereum at 10.54 percent, while Ethereum trades near 2,248 dollars, down 0.73 percent. Fear sits at 37 on Alternative.me, still in Fear, unchanged from the evening. 😨 My reading is that a falling market with dominance still above 59 percent is a Bitcoin-led slide, not an altcoin crash on its own, so altcoin shorts have the wind behind them tonight while altcoin longs are fighting both Bitcoin and sentiment.
Is dominance above 59 percent a shelter tonight, or proof that altcoins have nowhere to hide? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketData
