BTC Dominance should rise when Bitcoin drops.
And that is the way it always is, pretty much every time.
This is because Bitcoin is the largest and strongest Crypto asset.
In a weak market, Bitcoin should be strongest of the weak.
During every other major market drop, BTC Dominance has risen as BTC has dropped.
The only outlier is the $69k peak in Nov 2021 when Bitcoin dropped, Dominance also dropped as thats was the final blast of alt szn.
Since the $126k top, Dominance has either risen or stayed level during the downturns.
But today it has dropped hard with Bitcoin, as the wider market does not flinch anywhere near as much.
The largest different between Dominance this cycle and previous ones is that within this one, it has yet to actually break down.
It doesn't take a genius to see it is a much different position today as it has been to any other 4 year cycle bear market.
Things are truly different this time.
Never has dominance, ETH/BTC and OTHERS.D looked like this within the market period we are supposed to be in according to the 4 year cycle believers.
No one can explain that difference.
And that is the way it always is, pretty much every time.
This is because Bitcoin is the largest and strongest Crypto asset.
In a weak market, Bitcoin should be strongest of the weak.
During every other major market drop, BTC Dominance has risen as BTC has dropped.
The only outlier is the $69k peak in Nov 2021 when Bitcoin dropped, Dominance also dropped as thats was the final blast of alt szn.
Since the $126k top, Dominance has either risen or stayed level during the downturns.
But today it has dropped hard with Bitcoin, as the wider market does not flinch anywhere near as much.
The largest different between Dominance this cycle and previous ones is that within this one, it has yet to actually break down.
It doesn't take a genius to see it is a much different position today as it has been to any other 4 year cycle bear market.
Things are truly different this time.
Never has dominance, ETH/BTC and OTHERS.D looked like this within the market period we are supposed to be in according to the 4 year cycle believers.
No one can explain that difference.
