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For instance, Tether, which survived past crises with considerable profitability, could support Bitcoin and major assets during a distressed phase, calming markets to some extent. This hints at a possible scenario where support mechanisms—whether through reserves or strategic rescues—soften downturn impacts, although smaller altcoins are likely to suffer more.
Anticipating the Market Bottom: When and How?
According to Guy, the key is to monitor Bitcoin’s long-term market dominance on weekly and monthly charts. When Bitcoin’s dominance dips significantly, it indicates an influx of capital into altcoins, signaling that the market may have reached its bottom.