Bitcoin's market dominance has been fluctuating around 60, which is already quite high. Following past patterns, if it pushes a bit higher, the turning point should be approaching.

Looking back at the past market trends, every time Bitcoin's dominance starts to decline, altcoins will experience a wave of collective celebration. In this era where the track is flourishing everywhere, this pattern will only become more evident.

In the short term, there may be another push — if the US stocks suddenly gain momentum, Bitcoin will recover, but altcoins will remain inactive; or if Bitcoin drops, altcoins will continue to bleed and crash. This kind of differentiation will push the dominance index up a notch.

The Bitcoin around 100,000 now is like the water level in a reservoir before the flood season. Altcoins are like the dry low-lying areas downstream, all waiting for that moment—when the gates open, the water will flood the golden mountains.

BTC7.1%

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AlwaysAnon

· 15h ago

Wait, is a dominance of over 60 enough? I remember it went up to over 90 just two years ago... Is this time really different?

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LiquidationWatcher

· 12-02 05:58

60 at this position really can't hold up, just waiting for BTC to fall and then it will be great.

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GasGuzzler

· 12-01 15:13

Over 60 and still swaying, to put it bluntly, just waiting for the right opportunity. This wave of alts has to watch BTC's face to take action.

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CafeMinor

· 12-01 13:50

The dominance level at 60 is indeed a bit precarious, but I don't think we've reached the end yet. Wait a minute, if this wave really diverges, alts might have to lie low for a while again. If the US stock market makes a strong push and Bitcoin really recovers losses, then alts are done for. BTC still has to fall; otherwise, that group of coins below will really be finished. It feels like this time the rhythm is a bit different.

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TxFailed

· 11-30 09:46

ngl this dominance pattern is actually giving me flashbacks to 2017... watched the exact same movie play out, except back then we didn't have this many shitcoins waiting to get absolutely decimated. the water reservoir metaphor hits different when you're holding the bags at the bottom tho

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SoliditySurvivor