strong buy
Bitcoin Dominance Nearing Critical Levels Ahead of Altcoin Season
The current dominance of Bitcoin stands at 64%, illustrating a steady upward trend from 40% in 2021 over the past four years, with an increase of 24%. The peak during the last cycle reached 70%. Given the influx of ETFs and substantial corporate buying in this cycle, it is optimistic to consider surpassing the previous cycle's high. Holding over 90% of the portfolio in Bitcoin, there is a strategic move to prepare for altcoin seasons as dominance fluctuates between 65% and 70%, allocating around 10% of the portfolio to altcoins, especially hyper liquid assets, with a ratio of about 8:2 for Bitcoin to altcoins, meme tokens, and stablecoins.
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AI Analysis
Bitcoin's current dominance level at 64% signifies a significant market share, reflecting investor confidence and the asset's leading position within the cryptocurrency ecosystem. The steady increase ...
AI Recommendation
Given the current market dynamics, maintaining a high Bitcoin allocation while gradually increasing exposure to altcoins appears prudent. Investors should consider a phased approach, increasing altcoi...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.