What Happened on Mar. 22nd | $BTC Dominance at High Level, When Alt Season?
$BTC has been dominating the market, and its recent strong rallies have outperformed $ETH. This increase in $BTC dominance has put non-Arbitrum alts under pressure against $BTC, but it has also increased the likelihood of an upcoming alt season.
Typically, when $BTC experiences a surge, it creates a spill-over effect in the broader market that can ignite an alt season. As $BTC and $ETH stabilize at higher levels, alts can appreciate and benefit from the capital dispersion further down the risk curve.
This cycle progresses as $BTC inflows increase, leading to a rise in $BTC dominance, followed by a trickle-down effect to $ETH, and eventually permeating the entire alt ecosystem. Hopefully, the cycle will progress to the next stage soon.
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