For weeks (maybe for the last two months), I'm following some coins in BTC and in $ or USDT trading pairs. What I mostly see is the $ pair leading the BTC pair. I suppose the world of crypto coins is not so much about BTC as the base, but the $ as the base. This is supported by the many $ (or pegged $) crypto pairs at many of the exchanges. I suppose the new money from the small guy and girl that is entering the market will be traded with the $ as the base coin, unlike 4 years ago. I start to sonder more and more if the alt season will be about $ or about BTC valuation. I lean more and more to the $. When so, the previous ATH on BTC pair may not be relevant anymore. That said, back in 2017, BTC market share was around 30%? That's half of what we have today.
Interesting what happened today. Yesterday I thought: Shall I step out of some coins and re-buy after the dip. Somehow I was expecting this dip. Woke up this morning still most ok, and then dip dip dipperdeedip hahaha. I suppose most of the new money from the small guy and girl has changed hands. But I may be wrong. But we need all this money from the small wallets since they will create the ATH :) And those who know this can turn this knowledge into moving all that money into their pockets.
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I was wondering the same thing. At 50K BTC the smaller retail investor may begin to trade more in USD. We're also starting to see more USD trading pairs on exchanges. There are a lot of small changes over the last 4 years that could affect the way this rally plays out.
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