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PraxisVeritas.io
@praxisveritas
Regarding BTC dominance, it's possible that the reason we have seen continue to push to cycle highs in 2024 has to do with market conditions that dominated in 2023. The chart below shows the Goldman Sachs financial conditions index as a 9 month leading indicator of BTC dominance. The real easing in financial conditions, which took place in 2024, has yet to show up in crypto market structure.
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