
birdyedey
@birdyedey
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Bitcoin dominance shifts signal altcoin trends. When dominance rises, as seen from 45% to 48% post-May 2021 crash, altcoins often face pressure, lagging Bitcoin’s recovery by months, per CoinMarketCap data. Funds flow to Bitcoin, viewed as a "safe haven" during uncertainty, causing altcoin weakness—e.g., ETH/BTC lags as dominance hits 62%. Historically, peaks near 58%-63% precede altcoin bleeds. Conversely, declining dominance, like drops below 54%, sparks "altcoin seasons," with capital rotating to Ethereum and others, boosting their gains. Posts on X suggest an 8-year trendline touch could herald altseason if dominance falls from current highs. Altcoins thrive when Bitcoin consolidates, but sustained dominance growth hints at prolonged altcoin struggles. 0 reply
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