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masoud 🎩 🔵 🐹
@masoudn
Market sentiment was generally bearish for altcoins in Q3, with Bitcoin [BTC] dominance rising to around 57%, recording a new all-time high. The Altcoin Season Index currently reads 35, after hitting its lowest-point in mid-August. Typically, altcoins tend to perform well after Bitcoin dominance peaks. As Bitcoin captures market share early in a cycle, capital often shifts to altcoins once BTC dominance begins to fade. This cycle benefits altcoins, as investors seek higher-risk, higher-reward assets. From a statistical standpoint, Bitcoin’s market cap would need to grow by approximately $280 billion to fall within the 62%-70% range for an altcoin season to kickstart. This growth is likely to occur when BTC hits $80K, among various other metrics.
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0xwiiish28🎩⚡️🎭
@arezo-fjb
In recent years, altcoins have taken an upward trend
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