Post
Valéria Garcia
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Something strange is happening in the market right now, something I have never seen before in the history of cryptocurrencies.
Bitcoin has dropped drastically from US$ 110 million to US$ 90 million in just 14 days, but at the same time, BTC's dominance has decreased by 4%.
In other words:
The Others/BTC pairs (altcoins against BTC) have fully recovered from the drop on October 10.
This shows us one thing very clearly:
No one is panic selling altcoins at this moment.
The entire movement seems to be dominated by high-level players who primarily operate in the top 10 coins, especially $BTC, driven by cartel-level rotations.
This could represent a major internal shift of positions among the big players, a combination of strategic distribution and accumulation before the next phase.
The only hope that stands out at this moment is that BTC's dominance is decreasing and altcoins are holding strong.
Like and share so that others can read too.
Bitcoin has dropped drastically from US$ 110 million to US$ 90 million in just 14 days, but at the same time, BTC's dominance has decreased by 4%.
In other words:
The Others/BTC pairs (altcoins against BTC) have fully recovered from the drop on October 10.
This shows us one thing very clearly:
No one is panic selling altcoins at this moment.
The entire movement seems to be dominated by high-level players who primarily operate in the top 10 coins, especially $BTC, driven by cartel-level rotations.
This could represent a major internal shift of positions among the big players, a combination of strategic distribution and accumulation before the next phase.
The only hope that stands out at this moment is that BTC's dominance is decreasing and altcoins are holding strong.
Like and share so that others can read too.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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