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RE: Was 64.26% the Top Bitcoin Dominance This Cycle or Not?
Right. The potential upside is much greater on alts than BTC. I think it's also the same more or less when it comes to potential downside. I just read recently that alt season can't be defined anymore in terms of money rotating from BTC to alts but through increasing trading activity on alts via stablecoins. If I'm not mistaken, I think it's from the people at CryptoQuant that mentioned it.
0.00082635 BEE
I agree with this. In previous cycles, stablecoins weren't as developed, so people rotated in and out of BTC as a safer option to alts. But moving from alts to stablecoins doesn't remove from the market cap of alts, since stablecoins ARE alts. While moving from BTC to stablecoins, for example, means moving from BTC to alts, even not the volatile kind.
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