While hedge funds, organizations and retail try to milk each other for as much as possible, I believe while big money need liquidity to play around in the markets BTC places itself as the top in the crypto market for organizations and hedge funds(at least the majority) which therefore marks the cycles between the retail and the big money run by looking at BTC dominance. considering the dominance of BTC it has shrunk during the past few years due to rapid adoption of 100s of legitimate and future changing projects and the ease of small retail investors/traders into the crypto market.
With this chart we can try and predict the cycles as it has always proven itself to be a valid indicator for when the alt season is on the horizon and its as simple as it is, When BTC dominance is decreasing it simply just means ALTS are taking more share of the market than BTC and vise versa.
Now, what the chart is telling us is that it has been ranging around this range for quite a long time now and it could be doing that for longer timeframes as well just for the reason that ALTS have already taken their fair share of the market unless they all go to zero which many will do but new bigger projects will offset that as well, needless to say it looks like its BTC's time to shine for a couple of weeks but not forgetting that money flow could also pour in to alts directly making BTC with just consolidating somewhere can still decrease its dominance therefore this chart is really helpful at least for me.
Thank you guys and good luck!
With this chart we can try and predict the cycles as it has always proven itself to be a valid indicator for when the alt season is on the horizon and its as simple as it is, When BTC dominance is decreasing it simply just means ALTS are taking more share of the market than BTC and vise versa.
Now, what the chart is telling us is that it has been ranging around this range for quite a long time now and it could be doing that for longer timeframes as well just for the reason that ALTS have already taken their fair share of the market unless they all go to zero which many will do but new bigger projects will offset that as well, needless to say it looks like its BTC's time to shine for a couple of weeks but not forgetting that money flow could also pour in to alts directly making BTC with just consolidating somewhere can still decrease its dominance therefore this chart is really helpful at least for me.
Thank you guys and good luck!