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Daan Crypto cryptographic analyst He provided an analysis of the growing domination of Bitcoins, explaining why it would probably continue to grow. Based on its analysis, the Altcoin season is unlikely to happen in the near future, and many Alts suffer from significant sales pressure, while BTC accumulation increases.
Bitcoin Domination of Hope for the Altcoin season
IN X PostDaan Crypto stated that the domination of Bitcoins has no signs of stopping after the latest rape above 64%. He pointed out that the domination would continue to grow when more tax companies are trying to accumulate bitcoins. Meanwhile, on the other hand, hopes Altcoin season Disappear because many altcoins are harassed by huge unlock and dissolving inheritance.
Daan Crypto also mentioned how it existed Tiny compression last month at Ethereumwho took many coins with him. However, this rush quickly disappeared, again supple hopes for the Altcoin season. The analyst explained that there was not enough spot offer to try most of these coins.
Meanwhile, he warned market participants to wisely choose their investments in Altcoin. Daan Crypto noticed that most of them would be worse BTC in a greater time. His warning suggests Domination of bitcoins It will continue to trend up when the Altcoin season may not take place in the near future.
Basically, there is no interest and capital in these altcoins to cause the Altcoin season, which could exceed them BTC. Meanwhile, the domination of Bitcoins is growing thanks to the huge adoption of institutional investors. These companies want to accept Strategy manual or gain an exhibition via ETF Bitcoin.
Blockchaincent data It shows that there is still Bitcoin season and nowhere near the Altcoin season. In order for this to be Altcoin season, 75% of the 50 best coins must exceed BTC in the last 90 days. Only ten altcoins exceeded the flagship crypto during this period.
ALTSASON is still coming, but slowly
IN X PostAstronomer cryptographic analyst assured that the Altcoin season is still coming, although it may take a while. He noticed that the price remained the same for these Altcoins, but he said that nothing had changed. The analyst noticed that this is in line with the general plan Bitcoins price Assuming until the end of June and Altcoins, they remained in local bands.
The astronomer also indicated that BTC must break free While the domination of Bitcoins remains below 65% for all parts of the plan at the end of the Altcoin season. The analyst called on the market participants to be patient, expressing the certainty that the Altcoin season would continue.
At the time of writing, Bitcoins prices are around USD 107,300, according to the last 24 hours, according to data with coinmarketcap.
A distinguished picture from Pixabay, chart from tradingview.com
