Odaily News Raoul Pal, co-founder and CEO of Real Vision, said that Bitcoin market dominance (BTC Dominance) may have peaked today. The reason is that the DeMark indicators at the daily, weekly and monthly levels all showed top signals, and this high point was significantly lower than the top of the 2021 cycle, and the 2021 high point was lower than the top of the 2017 cycle.
Pal added that if this judgment is correct, it will be a landmark signal that the market has entered the next stage of the so-called "Banana Zone" (referring to the high-risk and high-return stage).