Both BTC and BTC dominance are plummeting - what does that tell you?

[slaman29]

Traders after seeing the Bitcoin market for 15 years still think a week's worth of data is less to do with speculative seesaws and more to do with the overall state of a network. What does that tell you?

That's the question I prefer to ask

[PostQuantumBTC]

Those stats include stablecoins!
Stablecoins make up 320 billion out of the 2.3 trillion total market cap, that's why the exagerated drop for Bitcoin.

For example, in the last 30 days, USDT went from 7.27% to 8.12%, there you have it, nearly one full percent of the 60.36>57.97 , 2.39% drop in Bitcoin dominance.
Throw in USDC and others, and the change becomes statistical noise.

You are right but the unstable coins really make the fall in the dominance of bitcoin but it was a little fall. If you look for the coin called hype which belong to Hyperliquid, it increased significantly from $21 to $74. You can also look for coins like near protocol, ondo, ton and many other coins, they increased significantly almost or more than 2 times.

[colinistheman]

Has anyone noticed that this has coincided with most top crypto exchange listing "real stocks" or what they refer to as TradFi. I saw this on Binance, Phemex, MEXC to name but a few. I would not be surprised if there is a lot of flow of money towards those assets as opposed to Bitcoin since it plummeting right now.

Here are a few screenshots

Having crypto exchange list real stocks comes with both advantage and disadvantage.
The downside is that capital may become more fragmented instead of flowing into Bitcoin or other crypto assets as it used to. However, the upside is also significant, as it open the door for larger capital flows from traditional investors into the market.

With exchanges integrating real stocks, I would be more concerned about altcoins than Bitcoin.

[TheUltraElite]

Prices dropped = time to buy.
Prices rose = time to sell/hold out.

Simple rules, simple execution, follow them and your bitcoin stash will continue to multiply. Make it complicated and your stash will slowly undergo attrition or remain stagnant.

Beyond that what matters is that your timing and general awareness about the market and the market trend.

[sergiorus]

Traders after seeing the Bitcoin market for 15 years still think a week's worth of data is less to do with speculative seesaws and more to do with the overall state of a network. What does that tell you?

That's the question I prefer to ask

A week of outlying data oftentimes is enough to recognise short-to-medium term trends.
Good traders do it all the time. I'm not a good trader but I'm trying my best.

[Perfectbaby]

What do you expect?
As we know what affects the eyes indirectly affects the nurse as well.
Therefore, if there is a continuous decrease in the market then all other altcoins continue to falls down too, although whenever there is a serious decline in the market most altcoins usually finds it very difficult to follow the recovery process, this is because those who where holding some percentage of it might have aggressively dumped them and holding other altcoins or bitcoin that are more reliable than the other coins they were holding.

[dansus021]

This is an anomaly in my opinion, when bitcoin goes down and BTC dominance goes down, it means the money goes somewhere else, and this didn't indicate altcoin season at all. We need more data like stablecoin dominance in my opinion if there a chart like of that. the reason dominance is plummeting alongside price isn't because retail is aggressively buying mid-caps, it's a reflection of where the money is hiding, and we dont know where the money go.

In my opinion whale are parking billions straight into Stablecoins. Because stablecoins are technically calculated as part of the non-Bitcoin market cap, a massive flight to safety in USDT or USDC will naturally force BTC Dominance down on the chart, even though your favorite altcoin portfolio is actively bleeding.

[YellowSwap]

On the monthly candles for others marketcap it's still bearish as hell, there is a chance that altcoins will fall more even while it's looking as if they have had enough of the dumps.

Bitcoin takes the lead, it's the only thing that will decide, even if altcoins are still going to start doing very well Bitcoin needs to have bottomed out.

Your most target should be Bitcoin itself, without Bitcoin making massive move I don't want to bet on it that altcoins can have a very good run on their own.

[taufik123]

This is an anomaly in my opinion, when bitcoin goes down and BTC dominance goes down, it means the money goes somewhere else, and this didn't indicate altcoin season at all. We need more data like stablecoin dominance in my opinion if there a chart like of that. the reason dominance is plummeting alongside price isn't because retail is aggressively buying mid-caps, it's a reflection of where the money is hiding, and we dont know where the money go.
-snip-

There are many whales and institutions that sell their holdings in BTC and put them on the stock market, so BTC's dominance is also declining.
It's just a dominance turnover cycle that will eventually have an impact on dominance, but just wait for BTC to recover and some FUD to get out of BTC, then dominance will also rise and price starts to recover.

Bitcoin is still entering the beginning of the cycle after starting a new cycle, so it is only natural that the price will drop and some retail confidence will also decline.
What needs to be prepared now is reserve money for buybacks at a cheaper price, so that we can get more BTC at a low price and hold it for the long term.