{"id":649639,"date":"2024-10-24T16:00:35","date_gmt":"2024-10-24T16:00:35","guid":{"rendered":"https:\/\/www.shenyangcang.com\/?p=649639"},"modified":"2024-10-24T10:37:39","modified_gmt":"2024-10-24T10:37:39","slug":"retail-surge-sparks-bearish-outlook-as-bitcoin-dominance-declines","status":"publish","type":"post","link":"https:\/\/www.shenyangcang.com\/news\/retail-surge-sparks-bearish-outlook-as-bitcoin-dominance-declines\/","title":{"rendered":"Retail Surge Sparks Bearish Outlook As Bitcoin Dominance Declines"},"content":{"rendered":"<p>The cryptocurrency market&#8217;s recent dominance by Bitcoin has decreased below 50%, indicating a potential adverse trend as retail activity increases. This change prompts inquiries regarding market dynamics and investor sentiment.<\/p>\n<p>Bitcoin&#8217;s dominance has been a critical indicator of whether the market is in a bull or negative cycle throughout history. As Bitcoin&#8217;s dominance is growing, usually, it means a defensive market where investors would prefer the relatively safer alternative of <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"noopener nofollow\">Bitcoin<\/a> rather than altcoins.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.shenyangcang.com\/news\/bitcoin-etf-inflow-streak-breaks-with-nearly-80-million-outflows-in-sudden-reversal\/\" target=\"_blank\" rel=\"noopener \">Bitcoin ETF Inflow Streak Breaks With Nearly $80 Million Outflows In Sudden Reversal<\/a><\/div>\n<p>Whereas a fall usually means the investor is likely to increase his risk and very often prefers to invest in altcoins for possible higher returns.<\/p>\n<p>Crypto analyst Alan Santana identified three significant warning signals for Bitcoin&#8217;s dominance in an X post on Tuesday, as retail investors resumed trading after an extended period of inactivity.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/BTCdominance?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#BTCdominance<\/a> \ud83c\udd71\ufe0f 3 Bitcoin Dominance Bearish Signals + Fibonacci Time Calculations<\/p>\n<p>I would like to show here mainly three signals that can be considered bearish on this chart, Bitcoin Dominance (BTC.D).<\/p>\n<p>1) There is a Doji on the 16th of September. Coming at the top of a trend\u2026 <a href=\"https:\/\/t.co\/enQAeVo5MB\" rel=\"nofollow\">pic.twitter.com\/enQAeVo5MB<\/a><\/p>\n<p>\u2014 Alan Santana (@lamatrades1111) <a href=\"https:\/\/twitter.com\/lamatrades1111\/status\/51352028?ref_src=twsrc%5Etfw\" rel=\"nofollow\">October 21, 2024<\/a><\/p><\/blockquote>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-649643\" src=\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/A_3b37f5.png?resize=1024%2C586\" alt=\"\" width=\"1024\" height=\"586\" srcset=\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/A_3b37f5.png?w=1528 1528w, https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/A_3b37f5.png?w=460 460w, https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/A_3b37f5.png?w=768 768w, https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/A_3b37f5.png?w=860 860w, https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/A_3b37f5.png?w=750 750w, https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/10\/A_3b37f5.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<h2>The Increase In Retail Activity<\/h2>\n<p>As Bitcoin&#8217;s supremacy wanes, retail investors are getting increasingly active. Usually, this rise in retail involvement comes with a decline in Bitcoin&#8217;s market share since these investors transfer to altcoins in search of better earnings.<\/p>\n<p>The current situation is reminiscent of previous cycles, during which the increase in retail interest resulted in a substantial decrease in <a href=\"https:\/\/www.moonpay.com\/learn\/bitcoin\/what-is-bitcoin-dominance\" target=\"_blank\" rel=\"noopener nofollow\">Bitcoin&#8217;s dominance.<\/a> For example, Bitcoin&#8217;s dominance declined significantly during the 2021 bull market as new altcoins gained momentum, diverting attention from the original cryptocurrency.<\/p>\n<figure style=\"width: 2475px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/XDls2AWv\/\" alt=\"\" width=\"2475\" height=\"1163\"><figcaption class=\"wp-caption-text\">BTCUSD trading at $66,834 on the daily chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<h2>General Shift In Investor Mood<\/h2>\n<p>Market experts say that this trend isn&#8217;t just a one-time thing; it&#8217;s a sign of larger changes in how investors act. As non-fungible tokens (NFTs) and decentralized finance (DeFi) have grown, altcoins have become more appealing.<\/p>\n<p>A lot of investors think that networks like Ethereum, which support smart contracts and decentralized apps, are more flexible than Bitcoin these days. This change could be a sign of a bigger shift in how people think about and use cryptocurrencies.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.shenyangcang.com\/news\/5-million-strong-active-ethereum-wallets-drive-strong-momentum\/\" target=\"_blank\" rel=\"noopener \">5 Million Strong: Active Ethereum Wallets Drive Strong Momentum<\/a><\/div>\n<h3>Fluctuation Trends<\/h3>\n<p>Bitcoin has seen a trend of fluctuations in dominance since its inception in 2009. Starting with an almost 100% market share, it began to decline slowly with the introduction of more altcoins.<\/p>\n<p>Bitcoin fell crucially during both the ICO boom of 2017 and the DeFi surge of 2021, at which time it fell to below 40% dominance. Given such historical precedents, this might represent another such phase where altcoins do outperform Bitcoin, especially when retail interest is growing.<\/p>\n<p>Experts believe that this can cause the crypto markets to become even more volatile in the future if this continues. Declines in dominance are often precursors to speculative trading, which subsequently causes prices of both Bitcoin and altcoins to fluctuate wildly.<\/p>\n<p>The current level of Bitcoin dominance functions as a gauge of the general market sentiment. Many speculators are reassessing their strategies as it continues to decline.<\/p>\n<p><em>Featured image using Dall.E, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market&#8217;s recent dominance by Bitcoin has decreased below 50%, indicating a potential adverse trend as retail activity increases. This change prompts inquiries regarding market dynamics and investor sentiment. Bitcoin&#8217;s dominance has been a critical indicator of whether the market is in a bull or negative cycle throughout history. As Bitcoin&#8217;s dominance is growing, usually, it means a defensive market where investors would prefer the relatively safer alternative of Bitcoin rather than altcoins. Related Reading: Bitcoin ETF Inflow Streak Breaks With Nearly $80 Million Outflows In Sudden Reversal Whereas a fall usually means the investor is likely to increase his risk and very often prefers to invest in altcoins for possible higher returns. Crypto analyst Alan Santana identified three significant warning signals for Bitcoin&#8217;s dominance in an X post on Tuesday, as retail investors resumed trading after an extended period of inactivity. #BTCdominance \ud83c\udd71\ufe0f 3 Bitcoin Dominance Bearish Signals + Fibonacci Time Calculations I would like to show here mainly three signals that can be considered bearish on this chart, Bitcoin Dominance (BTC.D). 1) There is a Doji on the 16th of September. Coming at the top of a trend\u2026 pic.twitter.com\/enQAeVo5MB \u2014 Alan Santana (@lamatrades1111) October 21, 2024 The Increase In Retail Activity As Bitcoin&#8217;s supremacy wanes, retail investors are getting increasingly active. Usually, this rise in retail involvement comes with a decline in Bitcoin&#8217;s market share since these investors transfer to altcoins in search of better earnings. The current situation is reminiscent of previous cycles, during which the increase in retail interest resulted in a substantial decrease in Bitcoin&#8217;s dominance. For example, Bitcoin&#8217;s dominance declined significantly during the 2021 bull market as new altcoins gained momentum, diverting attention from the original cryptocurrency. General Shift In Investor Mood Market experts say that this trend isn&#8217;t just a one-time thing; it&#8217;s a sign of larger changes in how investors act. As non-fungible tokens (NFTs) and decentralized finance (DeFi) have grown, altcoins have become more appealing. A lot of investors think that networks like Ethereum, which support smart contracts and decentralized apps, are more flexible than Bitcoin these days. This change could be a sign of a bigger shift in how people think about and use cryptocurrencies. Related Reading: 5 Million Strong: Active Ethereum Wallets Drive Strong Momentum Fluctuation Trends Bitcoin has seen a trend of fluctuations in dominance since its inception in 2009. Starting with an almost 100% market share, it began to decline slowly with the introduction of more altcoins. Bitcoin fell crucially during both the ICO boom of 2017 and the DeFi surge of 2021, at which time it fell to below 40% dominance. Given such historical precedents, this might represent another such phase where altcoins do outperform Bitcoin, especially when retail interest is growing. Experts believe that this can cause the crypto markets to become even more volatile in the future if this continues. Declines in dominance are often precursors to speculative trading, which subsequently causes prices of both Bitcoin and altcoins to fluctuate wildly. The current level of Bitcoin dominance functions as a gauge of the general market sentiment. Many speculators are reassessing their strategies as it continues to decline. Featured image using Dall.E, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":649650,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,13510,1119,1144,6664,3657],"class_list":["post-649639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-bitcoin-dominance","tag-btc","tag-btcusd","tag-crypto","tag-retail"],"acf":[],"yoast_head":"\n<title>Retail Surge Sparks Bearish Outlook As Bitcoin Dominance Wanes<\/title>\n<meta name=\"description\" content=\"The cryptocurrency market&#039;s recent dominance by Bitcoin has decreased below 50%, indicating a potential adverse trend as retail activity increases. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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