Description
⋅ Over the past several months "DeFi Summer" has turned into NFT Fall" and there is no doubt that the crypto economy is alive and well.
While all this is ongoing, the one question remains, where is BTC comparatively?
In this chart we look at the DOMINANCE of the three categories: ETH, BTC, and OTHERS ("ALTS").
With a huge run up in ETH in recent days, will we have a mean reversion? I wrote about this dichotomy in early 2021, and it's played out accordingly.