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$BTC Bitcoin Dominance ran to 64%
This is the highest it’s been this whole cycle.
The last time we saw this, #Bitcoin Dominance dumped that sparked an ALT Season in February 2021.
Now there are many factors that have to be favourable for this to happen. Others Dominance, ETHBTC, USDT.D all have to align together for a “CRAZY” run, otherwise, we will just get alts running with Bitcoin when Bitcoin runs next, we’ve seen this phenomenon happen quite periodically throughout this entire current market cycle
Should you be bearish?
I think the worst is over, with this being one of the largest liquidation events. $2B + wiped out. It’s a decent flush.