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🌊 Altcoin Season Hopes Fade
BTC.D climbs to 59.77%, highest since April 2021, as ETF demand surges. Only 29% of top 50 altcoins outperform Bitcoin in the past 90 days, well below 75% threshold for the altcoin season. TOTAL2 consolidates between $967B and $856B since August.
💡 Quick Take: Monitor BTC.D movement above 59.77% for continued strength against altcoins. Watch for TOTAL2 breakout from its $967B-$856B range. Altcoin season remains unlikely until significantly more altcoins outperform Bitcoin. ETF influence continues to drive Bitcoin's market dominance.
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@beincryptocommunity