Analysts: Bitcoin market value accounts for more than 70% before it can start a new round of "copy season"
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According to crypto analyst Rekt Capital, Bitcoin’s market value share (BTC Dominance) needs to exceed 70% before it can usher in a new round of copycat season. Currently, the share of Bitcoin's market value has risen to 64.3%, and then fell back to 61%, but the overall trend is still rising. Analysts pointed out that the copycat season at the end of 2024 has ended, and Bitcoin has begun to rebound since it fell below 55% in December last year and has now risen by 6%. Historical data shows that 71% is the key point in Bitcoin's market value. If BTC.D encounters obstacles at this level, the market may usher in a new round of altcoin market.