Bitcoin Dominance to Soar Above 90% in 15 Years, Predicts Willy Woo; Major BTC Transfers to Coinbase
Bitcoin's Growing Dominance
Renowned cryptocurrency trader Willy Woo predicts Bitcoin's market dominance could surpass 90% within the next 15 years. This forecast comes as Bitcoin's dominance recently reached 65.03%, up from 45% in 2022, signaling a significant shift in market dynamics. Woo's prediction suggests a long-term trend of capital moving from altcoins to Bitcoin.
Major BTC Transfers to Coinbase
Meanwhile, Whale Alert reported three substantial Bitcoin transfers to Coinbase, totaling 5,195 BTC worth approximately $487.2 million. These transactions, possibly indicating a major sell-off, align with CryptoQuant's data showing lower BTC premiums on Coinbase, which may reflect increased selling pressure.
These developments highlight Bitcoin's strengthening position and potential market movements, crucial for investors and traders to monitor.
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