Türkçe
Español
A top crypto strategist emphasized that the transition of Bitcoin 
$107,424 investment to the altcoin market, seen in previous cycles, is unlikely to occur this time. Pseudonymous analyst The Flow Horse shared with his 259,500 social media followers that many investors contributing to Bitcoin’s solid performance are unlikely to shift their profits into altcoins.
Stability in Bitcoin Investments
The analyst pointed out that the money used to buy and trade Bitcoin has exited the market. He mentioned that ETFs and figures like Michael Saylor are part of the current landscape, but many participants are still focused on traditional platforms like IBKR and ThinkorSwim. The market structure has changed, urging participants to adapt or face obsolescence.
Challenges for the Altcoin Market
He noted that an altseason, where altcoins outperform Bitcoin, is unlikely to happen, citing the increase in digital assets and insufficient liquidity as contributing factors. The concept of altseason, he argues, will only intensify with these cycles, yet a general increase isn’t being observed. There are too many unnecessary assets, and not enough money to drive them upwards.
The analyst is closely monitoring Bitcoin’s dominance, currently at 59.88%. The BTC dominance metric is crucial for assessing the performance of altcoins relative to Bitcoin and calculating its share of the crypto market capitalization.
In conclusion, he mentioned that the asset known as dogwifhat is preparing for a breakout after a significant correction, currently trading at $1.18 with a 9.9% increase over the last 24 hours. Bitcoin’s dominant position in the crypto market may restrict the growth of altcoins, prompting investors to tailor their strategies according to market changes.
