1.Many people once agreed that the price of btc would reach 100k. This prediction was made when btc dominance was at 65%. When the btc price was at 69k, the D was at 45%. The simple calculation: (100k*supply)/65%≈(69k*supply)/45%. So I think the 100k btc theory accurately predicts the total market cap of the crypto market and shows us the importance of...
Same as May 2021 I mentioned before, the price and D fell at the same time (bitcoin lose more than altcoins). And also the cause of the crash is outside the crypto world: the rate hike. Meanwhile in China, the COVID-19 lockdown in several cities has led to the bankruptcy of small and medium-sized enterprises and layoffs by internet giants like Alibaba. Funds from...
Following the point about D manipulation, you can found the same traces on the January 2022 chart. 3% of the total crypto market cap was robbed.
The situation has not changed much at the moment, about the roles I mentioned: According to reliable information, Chinese miners have now transferred equipment to South and North America; Chinese retail investors have...
I can't post multiple charts due to account level, you can find them on my Mastodon
Before any accusation, let's see something really intersting on chart.
First is the big crash in 2018. As you can see, the bitcoin Dominance reached an all-time low around 40% on Jan 6, 2018. And many altcoins reached their peak at this time. Then the market crashed. During the...
