As Bitcoin continued its rise, altcoins couldn't keep up. This isn't the first time; the market has experienced this many times. The general pattern is as follows:
1. Global liquidity increases, providing a kind of spark to the market.
2. Bitcoin catches fire, and a bull market begins. If global liquidity increases during this time, great.
3. For various reasons, altcoins don't rise at the same pace as Bitcoin, and therefore Bitcoin's dominance begins to gradually increase.
4. When the market reaches saturation, dominance declines, leading to a rotation into altcoins.
5. The altcoin market capitalization equals Bitcoin's, and the bull market begins.
We're currently at a stage where Bitcoin's dominance has peaked and liquidity is still rising. The beginning of a decline in dominance will trigger a market rotation. This will trigger a capital flow into altcoins, bringing their market value equal to Bitcoin's.
Therefore, we're at the final plateau before entering a bull market. A further rise or hold in Bitcoin is expected. I'm currently buying altcoins, but I'm holding Bitcoin. I don't have a sell mindset at the moment.
1. Global liquidity increases, providing a kind of spark to the market.
2. Bitcoin catches fire, and a bull market begins. If global liquidity increases during this time, great.
3. For various reasons, altcoins don't rise at the same pace as Bitcoin, and therefore Bitcoin's dominance begins to gradually increase.
4. When the market reaches saturation, dominance declines, leading to a rotation into altcoins.
5. The altcoin market capitalization equals Bitcoin's, and the bull market begins.
We're currently at a stage where Bitcoin's dominance has peaked and liquidity is still rising. The beginning of a decline in dominance will trigger a market rotation. This will trigger a capital flow into altcoins, bringing their market value equal to Bitcoin's.
Therefore, we're at the final plateau before entering a bull market. A further rise or hold in Bitcoin is expected. I'm currently buying altcoins, but I'm holding Bitcoin. I don't have a sell mindset at the moment.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
