How are you all, I hope you are all doing well, Today I will talk about an important topic, So let's start,

In the last 1 year, Bitcoin has pumped about 94%,
But if we notice that other coins other than Bitcoin did not get the opportunity to pump that much, why did other coins other than Bitcoin not pump that much,
If you notice that Bitcoin has pumped 94% in the last one year, if you notice other coins, you will see that those coins have gone down a lot more, but it was said that if Bitcoin is pumped, the native coins will pump, instead of that, day after day, alternative coins have gone down a lot even with the slight correction of Bitcoin,
Why did this happen, let's know the whole thing,
Last year in February, Bitcoin ETF was approved, and this can be said to be a good thing, as a result, gradually various news about Bitcoin are shared, as a result, Bitcoin has started to become more popular

Image collect Pixabay

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When Bitcoin ETF started releasing a lot of Bitcoin, then there was a new money inflow into Bitcoin but there was no new money inflow into the Internet, rather after Bitcoin took a healthy correction, big investors got out of alternative coins,
As a result, it is seen that no new investors are coming into coins on the Internet, due to which only the pumped Bitcoin is seen, the alternative is not getting much pump,
So we have always noticed one thing that when Bitcoin is down slightly, the alternative coins are down hugely and whenever Bitcoin is pumped slightly, the alternative is not getting a chance to recover its loss because those who have sold the alternative coins, they do not want to invest in alternative coins again,
They think that Bitcoin will go up a lot, so it seems to them only Bitcoin is suitable for investment,
And this is called Bitcoin dominance has increased, we are noticing that Bitcoin dominance has remained above 50 in the last 5-6 months,
Until Bitcoin dominance comes below 50, there will be no pump in alternative coins,
We were all looking forward to Bitcoin ETF approval,

Image collect Pixabay

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But we did not notice the bad effect that it had,
I think that bad effect is now being felt,
After the ETF approval, big investors are only paying attention to Bitcoin,
But I think that the season of ALT coins will come very soon, at least for once,
But it may take some time,
I think it is a good decision not to invest in alternative coins at this time,
So, everyone, I am ending here today Stay well, Allah Hafez,