I found this X account while i was doomscrolling earlier and it taught me what Bitcoin dominance was, represented by graphs and statements

He keeps referencing btc.d throughout, asked grok to explain why he uses btc.d and not just btcHe keeps referencing btc.d throughout, asked grok to explain why he uses btc.d and not just btc

BTC.D is a percentage metric showing Bitcoin's share of total market cap (total market cap is Bitcoin and all the thousands of shitcoinery grifts)

I found this graph on cmc which illustrates all time dominanceI found this graph on cmc which illustrates all time dominance

● if you look top left Bitcoin is near 100% of everything because it was the first and the shitcoins hadnt started yet

● if you look towards the middle of the graph, the dominance of Bitcoin reduces and shitcoins increase

● this illustrates the retail noobs who may have started as Bitcoiners and rotated into SCs as the cycles move through historic time

● and finally on the right hand side, we see Bitcoin as the dominant one, with the rest below, market hype around so called altcoin season traditionally drew liquidity away from BTC to SCs, and then back again

This is new to me and I'm not sure what SN natives make of this phenomenon? Dogshit metrics? Or useful representation?This is new to me and I'm not sure what SN natives make of this phenomenon? Dogshit metrics? Or useful representation?

This quote from his tweet piqued my interest and it gave me that inevitably vibe we see in certain writings

Bitcoin Dominance is a blackhole situation, understanding that it can be at 99% while your memecoin goes to 100B is widely misunderstood.

Dollar market caps don't matter if debt loses respect, it will become Bitcoin market caps.

And then the final bangerAnd then the final banger

A proof of work is yet to be respected.

Very prophetic