BlockBeats news, on July 25, James Wynn posted on social media: "Market makers are dumping BTC, causing panic among leveraged long positions, and retail investors/weak holders are following suit to sell. Meanwhile, they are buying your alts, while some of you are selling because you see the BTC price fall. This is the transition between Bitcoin season and altcoin season. Although the Bitcoin price is falling, Bitcoin's dominance is still declining. Typically, alts would follow the decline and sell off more violently. But they haven't.
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James Wynn: The price of Bitcoin and its market share are declining simultaneously, and the market may transition to alt season.
BlockBeats news, on July 25, James Wynn posted on social media: "Market makers are dumping BTC, causing panic among leveraged long positions, and retail investors/weak holders are following suit to sell. Meanwhile, they are buying your alts, while some of you are selling because you see the BTC price fall. This is the transition between Bitcoin season and altcoin season. Although the Bitcoin price is falling, Bitcoin's dominance is still declining. Typically, alts would follow the decline and sell off more violently. But they haven't.