“We really feel that the ‘simple’ a part of the rally has been performed and the subsequent stage shall be a lot trickier with extra worth choppiness and potential for drawdowns,” Augustine Fan, head of insights at SOFA, advised CoinDesk in a Telegram message. “Bitcoin dominance stays on a one-way pattern increased harking back to the mega-cap dominance in SPX, and isn’t notably fascinating for this stage of the crypto ecosystem.”
