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Opinion: Strong Rebound in BTC Market Dominance Leads to Altcoins Bleeding, Altseason Will Not Arrive as Long as BTC Remains the 'Safest' Asset
Summary: According to a report by crypto data analyst CyrilXBT on X platform, BTC.D (BTC market dominance) has rebounded strongly from support levels, causing the lackluster performance of the altcoin market. As long as BTC market dominance remains high, altcoins will continue to bleed. Currently, every BTC pullback leads to funds flowing into BTC rather than ...
According to a report by crypto data analyst CyrilXBT on X platform, BTC.D (BTC market dominance) has rebounded strongly from support levels, causing the lackluster performance of the altcoin market. As long as BTC market dominance remains high, altcoins will continue to bleed. Currently, every BTC pullback leads to funds flowing into BTC rather than altcoins. Altseason will only begin when BTC is no longer the safest trading asset, and currently, altseason is not yet imminent.
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Link: Opinion: Strong Rebound in BTC Market Dominance Leads to Altcoins Bleeding, Altseason Will Not Arrive as Long as BTC Remains the 'Safest' Asset [Copy]
