CRYPTOCAP:BTC/(TOTAL-(CRYPTOCAP:USDC+CRYPTOCAP:USDT+CRYPTOCAP:DAI+GLASSNODE:BUSD_MARKETCAP+DEFILLAMA:FXS_TVL+GLASSNODE:WBTC_MARKETCAP+WETH_MARKETCAPFF))*100
I personally find it easier to use Pure BTC.D to assess market trends. Currently, Pure BTC.D has reached 61.8%, and I expect its uptrend to break and we will experience an altseason in the next few months.I've previously referenced your opinion on this matter on Telegram and agree with it. Stablecoins have only emerged since 2017 with smallcap, insufficient to influence BTC.D. The old BTC.D formula could still be used to assess whether money was flowing into BTC or altcoins. However, with the current large market cap of stablecoins, where USDT and USDC are in the top market caps, the old BTC.D is affected and no longer accurate.
Do you often use BTC.D when analyzing the market? What is your opinion on the Pure BTC.D suggestion? Would you use it?
I've previously referenced your opinion on this matter on Telegram and agree with it. Stablecoins have only emerged since 2017 with smallcap, insufficient to influence BTC.D. The old BTC.D formula could still be used to assess whether money was flowing into BTC or altcoins. However, with the current large market cap of stablecoins, where USDT and USDC are in the top market caps, the old BTC.D is affected and no longer accurate.Fibo 61.8% is merely the golden ratio that I've been anticipating and hoping for a reversal in capital flow within the market. It also coincides with the recent sudden panic event that has pushed many ALTs back to their bottom once more. Honestly, it's just for reference and doesn't come with much fundamental analysis or the use of historical data.
I also hope that the current 61.8% level is sufficient and Pure BTC.D soon reverses downward, with money flowing into altcoins and creating an altseason. Investors are waiting and seem impatient as many top coins have returned to their 2023 bottom prices.
Fibo 61.8% is merely the golden ratio that I've been anticipating and hoping for a reversal in capital flow within the market. It also coincides with the recent sudden panic event that has pushed many ALTs back to their bottom once more. Honestly, it's just for reference and doesn't come with much fundamental analysis or the use of historical data.It's good that there's a foundation already. I don't dare to expect too much. As long as the market fluctuates as predicted, this new indicator for Pure BTC.D will become reasonable and widely accepted. I'm afraid that at that time, the whales will also abuse this Pure BTC.D to manipulate the market sentiment :)
I've been using Pure BTC.D and consider it a personal tool in technical analysis as it's more reasonable for the purpose of identifying the trend of capital flow in the market. If anyone can make use of it, that's great, if not, it's still a piece of data for reference, verification, and comparison in the bullrun 2025.
It's good that there's a foundation already. I don't dare to expect too much. As long as the market fluctuates as predicted, this new indicator for Pure BTC.D will become reasonable and widely accepted. I'm afraid that at that time, the whales will also abuse this Pure BTC.D to manipulate the market sentiment :)Well, Pure BTC.D is not at all popular and has never been mentioned by any KOLs on YouTube. They are still finding more complicated ways to analyze traditional BTC.D with various cases related to the stablecoin marketcap or USDT.D ^^
Right now, the market still hasn't decided on a trend. We will have to continue waiting to see growth or decline to retest deeper ranges. I prefer the bullish scenario because we are about to enter the last month of Q3. Next month, we will see the FED cut interest rates for the first time, and the crypto market will recover and grow following this news.
I personally find it easier to use Pure BTC.D to assess market trends. Currently, Pure BTC.D has reached 61.8%, and I expect its uptrend to break and we will experience an altseason in the next few months.Analyzing BTC.D must be our priority either we are trading or not because it gives us the idea of what are the current sentiments are in the market if it is increasing with time we can deduce that people are bullish on BTC and if it is not then people are bearish in any time frame.
Do you often use BTC.D when analyzing the market? What is your opinion on the Pure BTC.D suggestion? Would you use it?
Analyzing BTC.D must be our priority either we are trading or not because it gives us the idea of what are the current sentiments are in the market if it is increasing with time we can deduce that people are bullish on BTC and if it is not then people are bearish in any time frame.Previously, BTC.D performed quite well because stablecoin cap was still small, however, when we saw USDT on the top cap, things changed significantly. Pure BTC.D is an indicator I proposed to easily identify whether the cash flow is prioritizing BTC or ALTs more.
You are a genius to take this factor into account because I did not consider the formula before and after learning it we must exclude stable currency too. This retest is good and I also believe in few months or weeks maybe the altseason will start.
Previously, BTC.D performed quite well because stablecoin cap was still small, however, when we saw USDT on the top cap, things changed significantly. Pure BTC.D is an indicator I proposed to easily identify whether the cash flow is prioritizing BTC or ALTs more.What do you mean by reverse impact like you think if this adopted by everyone the whales will change their method of speculating on this indicator if they are using it. It's a big if so I guess whales must have many other indicators but they don't usually day trade they buy the dip and wait for the top.
If whales and most investors use the traditional BTC.D, it could have a reverse impact on their psychology and become a real market movement, so I'm not sure if the reversal signals on my Pure BTC.D are usable. I've previously introduced it to the Vietnamese crypto community but it didn't receive widespread acceptance, well, that's completely normal. I'm still trying to use Pure BTC.D to confirm its value for my investment journey ^^
What do you mean by reverse impact like you think if this adopted by everyone the whales will change their method of speculating on this indicator if they are using it. It's a big if so I guess whales must have many other indicators but they don't usually day trade they buy the dip and wait for the top.If everyone is focusing on traditional BTC.D, whales can use it to adjust their plans and manipulate investor sentiment through fake signals on the BTC.D chart. For example, a fake breakout signaling a reversal of the market cash flow trend can be created to deceive investors, causing them to sell BTC to accumulate ALTs too early and suffer losses.
They are not making any moves right now instead the whale trackers are showing they are withdrawing funds from exchanges to unkown wallets which is good because they must have bought all those BTC and now storing them in safe places.
I find every indicator that measures the relations between as a bit of a counterproductive model, because there are situations when the same action could trigger two different scenarios, also, since market cap in easily influenced by liquidity in a market, you can have alts spike with basically no considerable influx while BTC is simple hovering due to massive profit taking.Evaluate BTC.D is just one of the approaches to strengthen the opinion about market fluctuations, it does not guarantee accuracy, similar to technical indicators such as RSI and MACD. We make assumptions and build stories to explain the phenomena in the market.
Anyhow, one thing, if we exclude stable coins from such analysis, the golden question is what do we do with coins like "wrapped Bitcoin"?
We are observing that whales have accumulated a large amount of BTC. This could be the reason why they are no longer actively accumulating and keeping BTC prices low compared to investor expectations. I think this could lead to two scenarios: BTC price will increase sharply, leading to a market explosion, or BTC price will move sideways and give cash flow way to ALTs. In any case, ALTs will benefit and BTC.D will decrease. The worst-case scenario is that whales continue to want to accumulate more or they want to sell off BTC to exit the market right now, I don't think that's what they will do.From the looks of the market I think your first scenario is most suitable here the price is increasing sharply which means whales are buying BTC so what is the plan now and I understood what your reversal point was.
BTC.D has become a crucial indicator for many analysts in the crypto market. Simply put, a rise in BTC.D means that funds tend to flow into BTC rather than other tokens, and this is a confirming sign of the right choice in selecting BTC for a portfolio during a market recovery [1]. Formula:This proposal is amazing I liked the idea What's the easiest way to setup this chart on our trading view? As you can't update it regularly so if you would allows us to know (not manually) it would be a great contribution, as using it and analyzing it can give us more ideas about it. Besides I love this proposal because I read in many articles that the stable currency is getting a lot of volume people have money nowadays and they want to invest it and some are giving their money away in future and margin markets hehe.
-cut-
I personally find it easier to use Pure BTC.D to assess market trends. Currently, Pure BTC.D has reached 61.8%, and I expect its uptrend to break and we will experience an altseason in the next few months.
This proposal is amazing I liked the idea What's the easiest way to setup this chart on our trading view? As you can't update it regularly so if you would allows us to know (not manually) it would be a great contribution, as using it and analyzing it can give us more ideas about it. Besides I love this proposal because I read in many articles that the stable currency is getting a lot of volume people have money nowadays and they want to invest it and some are giving their money away in future and margin markets hehe.Thank you ^^
Well, that's another topic, this indicator can be beneficial for many, BTW what is your current analysis of yours on the basis of this chart If I am not wrong, you are posting trading-related and analysis related topics after a long time.
CRYPTOCAP:BTC/(TOTAL-(CRYPTOCAP:USDC+CRYPTOCAP:USDT+CRYPTOCAP:DAI+GLASSNODE:BUSD_MARKETCAP+DEFILLAMA:FXS_TVL+GLASSNODE:WBTC_MARKETCAP+WETH_MARKETCAPFF))*100