Bear Market Metrics Hint at Reaching the Bottom

There will be a tipping point when all these negative metrics bottom and begin to revert. BTC will hit its cycle high dominance and then a wave of liquidity will cycle back into altcoins. The goal is to determine the appropriate time to buy back into altcoins. It's clear that BTC is the safest hold until that time.

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Total Market Cap for Altcoins (in billions $)

The total market cap of all altcoins (excluding ETH & BTC) has declined over the last two years 59%. This figure would be even worse if new altcoins' market caps weren't being added to the total population during that period. It's likely that any altcoin you're holding has dropped this amount in value.

Number of BTC per ETH

The ETH/BTC ratio has also declined 15% from two years ago, had a small increase in 2022, but today is down 13% from last year. The bear market wasn't supposed to drag ETH down this time but history has to rhyme. The hype of the merge, deflationary burns, and growth of committed ETH holders has helped maintain it value but it's likely headed home to 0.0350. From today, that will be a 42% decrease in its BTC parity.

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BTC.D - Market Cap of BTC to TOTAL3 (All Altcoins)

The most obvious signal is the increase in Bitcoin dominance. It has increased 24% from last year and would have increased more if the population of altcoins wasn't increased by adding new tokens/coins' market caps. There will be a peak BTC.D % and then a cascading decline as liquidity pours into altcoins.