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The market is in a very strange place.
My holdings today have barely budged whilst Bitcoin is down a lot.
And what is super curious, is that OTHERS is at the same price level it was when Bitcoin was 12% higher at $75,000.
And we can see here how different both ETH/BTC and OTHERS are responding to this Bitcoin drop.
ETH/BTC looks like it has actually bottomed, and OTHERS is higher over the last week and holding.
As you can see from the Feb Bitcoin drop, everything followed and even dropped harder.
And that is the way you would expect it to be within a weak market.
Bitcoin dominance should increase as Bitcoin decreases, because Bitcoin is the strongest and largest Crypto asset.
However, the opposite is happening today.
From every way I look at this, the move seems forced and overdone.
The way Bitcoin is decoupling from every other asset class and the macro environment, doesn't make sense.
Something fishy is going on, and I think we will find out over the next week or with how price action behaves form here.