The last time the CBOE launched a Bitcoin financial tool, futures, we saw $20k. Recently rising Bitcoin dominance shows people betting on the latest CBOE tool, ETF, being approved.
Bitcoin dominance is heading towards fifty percent by marketcap. What does this mean for the price and how should traders and investors view it? Marketcap is by far not the best metric to read dominance, but that doesnt mean it cant add value to your trading.
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https://soundcloud.com/buy-or-sell-what-the-hell/does-bitcoin-dominance-matter-to-traders-35The market of futures had nothing to do with the bull run that we had last year it was all because of internal factors, the most important of all segwit was finally activated despite the heavy debate and the forks that happened, if anything the market of futures seems to me as a way to try to tame the price of bitcoin, but it is not going to work as expect it.