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#DOGE Official Reserve Plan ๐ Bitcoin dominance (BTC.D) today is 61.52%, holding above 60% for more than a month. This is a level that the market has not seen since March 2021! ๐
This dominance behavior indicates the concentration of capital in BTC, while altcoins remain under pressure.ย ๐ค
1๏ธโฃ Risk-off ๐ก๏ธ โ Investors are moving into the safety of Bitcoin, reducing risks amid uncertainty.
2๏ธโฃ New cycle ๐ โ Perhaps this is just preparation for a new rally, where BTC dominance will decrease, and altcoins will gain momentum.
๐ฐ What awaits Altcoins?
๐น While BTC dominance is high, altcoins are suffering ๐.
๐น However, as history shows, an alt season often follows the peaks of BTC.D ๐ฑ.
๐น The key level to watch โ if BTC.D starts to decline, there may be a flow of funds into altcoins ๐.
๐ข Your forecast?
โก๏ธ Is this a caution signal or an opportunity? Share your opinion in the comments! ๐ฌ๐ฅ #BitcoinDominanceRemainsHigh