Bitcoin Dominance has been at the highs, approaching 50%. We just broke out of a range that we have been in since April 2021.
This is because alts are getting absolutely massacred. In the last 24 hours:
- BNB -9%
- ADA -25%
- Matic -27%
- DOT -14%
- Sol -25%
- Link -15%
- Atom -18%
- Algo -19%
A lot of these alts are hitting multi year lows. Algorand has even hit an all time low.
This absolutely insane. Meanwhile:
- Bitcoin -2%
- Ethereum -2%
There's a TON of liquidations:
What on earth is going on? This is an absolute massacre of my portfolio.
Take a break from the screen if you need, please.