The dominance of Bitcoin in the overall cryptocurrency market has reached its highest level since February 2021, currently standing at nearly 62%. This means that Bitcoin accounts for the majority of the market, while altcoins struggle to gain traction. Traders are closely monitoring Bitcoin's price movement, particularly the $102,000 CME Gap, which is seen as a crucial level for potential reversals. The recent drop in the market can be attributed to concerns about a global economic slowdown and anxiety surrounding tariff policies. Despite this market downturn, there is still strong demand for Bitcoin in South Korea, as evidenced by the "Kimchi Premium," which is the price gap between BTC in South Korea and global markets. Traders are focusing on the CME Gap at $102,436, as it is historically filled by Bitcoin over the weekend and is viewed as an important area for potential price reversals. Many anticipate that an altcoin season, similar to previous market cycles, will occur by February 2025.



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