"Bitcoin Dominance, Short-term Decline Possible"

YM Lee

Summary

An analysis has been presented that the market dominance of "Bitcoin" may decrease in the short term.
According to CryptoQuant's analysis, while "Bitcoin" has grown by 37%, major altcoins have increased by 16%, and mid-small altcoins by 10%.
It was explained that mid-small altcoins are in a situation where they cannot supplement "Bitcoin"'s growth rate, and generally this year, altcoins have not been able to keep up with "Bitcoin"'s growth rate.

An analysis has emerged suggesting that the market dominance of Bitcoin (BTC), which has shown a tremendous upward trend this year, may decrease in the short term. On the 29th (local time), the weekly representative of the online analysis platform CryptoQuant stated through their X (Twitter) that "while Bitcoin shows a 37% growth, major altcoins have shown a 16% and mid-small altcoins a 10% increase." The season when mid-small altcoins could supplement Bitcoin's growth rate was only during the April bull market, and generally this year, altcoins have not been able to keep up with Bitcoin's growth rate.

BTC