Dec 7, 2017 – BTC at 65% dominance, global market cap at $425B
One month later…
Jan 7, 2018 – BTC at 33% dominance, global market cap peaks at $825B
BTC dominance cut in half; market size doubles.
This is money funneling to alts.
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BTC price on Dec 7 was $15k
On Jan 7, 30 days later, it was $16k.
It reached it’s peak near $20k on Dec 17, when it’s dominance had fallen to 55%
BTC can grow while it’s dominance is fading. When the dominance % pushes lower EVEN WHILE BTC’S PRICE IS RISING, this is a strong indicator the hard switch to alts is coming.
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