Caleb Franzen
Caleb Franzen|Aug 19, 2025 08:25
No one else is talking about this, so I will. That's alpha for me/you. This is Bitcoin Dominance + Ethereum Dominance + XRP Dominance. Notice anything? It's hardly fallen. Especially relative to the steep decline in BTC.D shown in orange. Why is that important? While other analysts keep talking about Bitcoin Dominance falling (and it is), the reality is that the capital from BTC is flowing into ETH and XRP, not the rest of the altcoin universe. So is BTC.D falling a sign of "altseason"? Or is it just a rotation into the other two largest alts? It's the latter. In other words, small cap alts still aren't participating and they are getting drained relative to Bitcoin (and ETH + XRP).(Caleb Franzen)
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