BTC.D, or Bitcoin dominance, hit a new cycle high of 61.6% following this weekend’s altcoin liquidation spike, marking its highest level since March 2021. The metric, closely watched by traders as a barometer of altcoin market strength, has skyrocketed from its local low of 54.7% in early December to 61.6% on Feb 3, a 12% increase. At one point, when Ethereum crashed to $2100, BTC.D touched as high as 64.2%. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io