Comparing Current volume from 2017-18 Bullrun, crypto volumes gained massive spikes while the marketcap isn't much bigger.7 Jan 2018 was the peak moment of the previous Bull season whenMC: $852 billion, Volume: $30 billion onlyCurrent Scenario: MC: MC: $978 billion, Volume: $238 billionThere is a 690% hike in Volume and a 14% hike in MarketcapThere is much more money Volatile in the Market now around $238 Billion/$978 Billion= 24% of current MarketcapThe graph below to above states:CoingeckoVolume Spikes can also be because of Margin trading, there are more people in margin trading now compare to 2017But when we compare it with 23 Dec 2016 :MC: $16 Billion and Volume: $6 BillionThere was much more money Volatile too in that phase of the marketStates Below :https://ift.tt/3shhLx0 still see the market in Pre-stage of Bull season where alts are still near to their ATLFor any Newbie who is thinking how Alts season looks like I have a graph for youhttps://ift.tt/3qcdQzN Jan 2018 the peak of alt season and marketcap where BTC dominance is crushed by alts dominanceBTC dominance: 33.54%Alts Dominance: 66.46%Current BTC dominance: 67.8%Current Alts dominance: 32.2%When these states will reverse then we can say we are in Alts season and that's the time to take the exit from alts and Euphoria levelBut now we are nowhere close to that that stateshttps://preview.redd.it/z0kje4rmova61.png?width=4004&format=png&auto=webp&s=79aada9f7434db9b4c5c5a39225d906e2744e270TLDR: Hold your alts tight for a massive run that is months away, and we will gonna see alot of dips and correction to make newbies panic but just Enjoy the ride with a calm mind
Submitted January 12, 2021 at 05:30PM
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