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Michiel de Ruyter Profile picture
Michiel de Ruyter
@Crypto_RuyterNL
I trade shitcoins to buy more #Bitcoin #BTC since 2017
Oct 10, 2021 • 6 tweets • 8 min read
1/6🧵
#Bitcoin - Most of us probably know, some of us don't:
#BTC Dominance is a measure of how much of the total market cap of crypto is comprised of Bitcoin
🔹If BTC Dominance increases #altcoins lose value against BTC
🔹When BTC Dominance decreases #alts gain value against BTC 2/6
 To keep it plain and simple; If #BTC dominance rises, #Bitcoin will outperform #altcoins, if it decreases vice versa. Seeing $BTC dominance drop can be an indication of an incoming 'alt-season'. Atm dominance is rising. As you might have noticed, your #alts look weak..