Bitcoin Dominance Likely to Have Peaked for Now
Hey there!
It seems that Bitcoin dominance has peaked, at least for the time being. A medium-term retracement to 44% in 3-4 months appears likely. While some may view this as the start of alt season, we should consider that increased market volatility may lead to stablecoin dominance rising, which could explain the drop in Bitcoin dominance in a turbulent market scenario.
As always, stay safe and stay liquid.
It seems that Bitcoin dominance has peaked, at least for the time being. A medium-term retracement to 44% in 3-4 months appears likely. While some may view this as the start of alt season, we should consider that increased market volatility may lead to stablecoin dominance rising, which could explain the drop in Bitcoin dominance in a turbulent market scenario.
As always, stay safe and stay liquid.
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