What you’re looking at is the Ratio of Total Market Cap (Excluding Top 10) to BTC - and it’s been in a relentless downtrend since the start of 2022. That’s nearly 4 years of consistent underperformance from smaller altcoins relative to Bitcoin.
We’re now approaching the final demand area around 0.075, last visited during the deep bear markets of 2018-2019.
We’re now approaching the final demand area around 0.075, last visited during the deep bear markets of 2018-2019.
MM
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.