CryptoQuant Founder: Bitcoin's dominance has recently fallen by 6%, with only a few altcoins attracting new liquidity

Bitget App

Trade smarter

Bitget2024/12/20 07:27

On December 20, Ki Young Ju, the founder of CryptoQuant, pointed out that Bitcoin's dominance has recently fallen by 6%, with XRP contributing 3% to this decline. Currently, the dominance is rebounding.
He stated that only a few altcoins have attracted increased liquidity and there is limited rotation from BTC to these altcoins. This isn't a traditional "altcoin season" in its usual sense but rather seems like a season for individual standout altcoins.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Trending news

Data: In the past 24 hours, total liquidations across the network reached $288 millions, with long positions liquidated for $163 millions and short positions for $125 millions.

President of the European Central Bank: Interest rates are at an appropriate level