Alt Market Cap Divided by BTCUSD to Exclude Bitcoin Distortions

Alt market capitalisation divided by the Bitcoin market price to exclude Bitcoin price distortions.

Quite often alts and Bitcoin are strongly coupled. Here the altoin market cap is divided by the Bitcoin price to remove any such coupling from the trend.
Comment: btw, in case you didn't get my terrible explanation. This is the alt market cap priced in terms of BTC.
This is along the lines of cryptocurrency "Inception" or even "Matrix" - Red pill or Blue Pill.
+1 Reply
@ProjectP, Haha well I realised afterwards that this assumes the coupling is linear (in fact it might just be random), but it doesn't matter so much. I like using ratios a lot because you get clearer (bigger picture type) trends and I think the relationship between Bitcoin and the alts is of constant discussion here. Anyway, it looks quite different from the standard m cap. I guess it can tell when Bitcoin is a better bet than alts. Still looks like alts will fall a long way.

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