Bitcoin Dominance (BTCD) is a ratio that measures the market capitalization of bitcoin (the largest digital asset by market cap) against that of all other cryptocurrencies, or altcoins. It's a ratio calculated by taking the market cap of BTC and dividing it by the market cap of all other altcoins.
Now if you think about the number of ALTS that got released in the market over the last few years, each taking a % of the Money and also, bringing some more in from TradFi, it is easy to see why the Dominance of Bitcoin in the market has subsided and yet, it is truly impressive that it has held its ground since around Sep '21, ranging effectively.
What is also important to note here is where the BTC.D PA was Bitcoin Got to ATH levels - BTC Dominance was NOT at a high
What does this show us ?
That by the time BTC was en route to an ATH, there was enough money coming into the market to take the ALTS up with it, while NOT taking money away from Bitcoin itself.
So, as a result, I Feel that these days, it is Very important to use the BTC.D, ETH.D and OTHERS.D charts alongside the TOTAL, TOTAL2 ^TOTAL3 charts to really Get a clear point of view.
And as a final point, Currently, we see BTC.D climbing well, we are also seeing TOTAL climbing alongside TOTAL3 ( Ex BTC & ETH), So, it is safe to say that the market has once again become desirable to investors. We do need to remain cautious though, as TradFi is not finished trying to save itself.....But the future is ours
Now if you think about the number of ALTS that got released in the market over the last few years, each taking a % of the Money and also, bringing some more in from TradFi, it is easy to see why the Dominance of Bitcoin in the market has subsided and yet, it is truly impressive that it has held its ground since around Sep '21, ranging effectively.
What is also important to note here is where the BTC.D PA was Bitcoin Got to ATH levels - BTC Dominance was NOT at a high
What does this show us ?
That by the time BTC was en route to an ATH, there was enough money coming into the market to take the ALTS up with it, while NOT taking money away from Bitcoin itself.
So, as a result, I Feel that these days, it is Very important to use the BTC.D, ETH.D and OTHERS.D charts alongside the TOTAL, TOTAL2 ^TOTAL3 charts to really Get a clear point of view.
And as a final point, Currently, we see BTC.D climbing well, we are also seeing TOTAL climbing alongside TOTAL3 ( Ex BTC & ETH), So, it is safe to say that the market has once again become desirable to investors. We do need to remain cautious though, as TradFi is not finished trying to save itself.....But the future is ours
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.