#ALT Season is when #BTC dominance aggressively goes down.
#BTC Season is when #BTC dominance slowly goes up.
BTC dominance has been going up for years, which is why it was better to be in BTC than most ALTs.
Clearly I am not talking about your alt, just everyone else's alt.
I have better news degens.
If you include USDC, so:
(TOTAL3-USDC-USDT)/BTC
#ALT / #BTC pairs are actually only 23% off their lows.
I'm doing the best I can to help you guys out
I have better news degens.
If you include USDC, so:
(TOTAL3-USDC-USDT)/BTC
#ALT / #BTC pairs are actually only 23% off their lows.
I'm doing the best I can to help you guys out https://t.co/UkVRe8Afxu
On the live stream I mentioned $93k as the spot for a potential pullback, due to the extension of #BTC off its 20W SMA.
This bottom chart is ln(price/20W SMA).
You can see that BTC has diminished volatility as it matures.
I gotta be careful posting stuff like this because the top for #BTC dominance is getting closer in time (<2 months is my guess)
But in the meantime, I am starting to wonder what 62% #BTC dominance feels like
I feel like I've read this story before.
The process of the ALTs bleeding to #BTC should be over in <2 months.
My posts over the last 3 years were not me just being a toxic maxi, it was just me telling you that this is what always happens until post-halving years.
#BTC dominance is now at 61%. With #ALT / #BTC pairs still 20-30% off their lows, it could still go higher.
My guess is that dominance tops no later than the 2nd week of January, 2025.
#BTC dominance is now at 61%. With #ALT / #BTC pairs still 20-30% off their lows, it could still go higher.
My guess is that dominance tops no later than the 2nd week of January, 2025. https://t.co/CTBfPFAqYp
I know sometimes it feels like this time is different but #BTC is still just tracking its prior cycles.
Of course there will be deviations, but this is the big picture view
Posted this to ITC premium a year ago when #BTC dominance was 52%.
60% BTC dominance was always the easy, conservative target. But be open minded to what happens next.
I do think dominance will top in <2 months, predicting exactly where it tops is anyone's guess.
With #ALT / #BTC pairs still 20-30% off their range lows, #BTC dominance could continue higher.
Normally #BTC dominance goes up in Q4 of halving years, so I'd be open minded to dominance staying strong through EOY (2nd week of January at the latest).
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