고말식 retweeted
Biggest daily drop in $BTC dominance we have seen in months. Assuming capitulation is now over (or very close to it), we are probably on Step 3 here. That is, dominance may start to bleed down as markets recover and alts bounce back harder (initially) before $BTC takes off again.
Prior to each of our last impulses we: 1.Had major capitulation events. 2. BTC dom spikes as alts capitulate harder 3. Dom bleeds down as markets recover and alts revert more aggressively, and 4. Dominance runs hard as $BTC begins its next impulse and takes the spotlight again.
