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Lately, I've been observing the market and noticed that Bitcoin dominance is moving more interestingly than expected. The strong sentiment of the altcoin season seems to be spreading investors' attention across a wide variety of coins.
Looking at on-chain data, the assets locked in DeFi protocols have risen to $950 million. This indicates that the decentralized finance ecosystem is becoming increasingly active. The market depth that can't be seen just by looking at Bitcoin's market share is becoming apparent here.
Personally, I realize again how important data-driven insights are when analyzing the market during such times. You can't just look at Bitcoin dominance changes with numbers alone; you also need to interpret signals of growth in the altcoin ecosystem to truly understand the market. Observing the market from multiple angles during this kind of period is really crucial.