🤗 As Bitcoin's market value crept above $123.1K for the first time in its 17+ year history, there was an equally historic social dominance spike. 43.06% of all crypto discussions were about $BTC just as the coin's market value was peaking.

Though it's generally a fantastic sign that the #1 market cap has had its deserved spotlight, the sudden spike was indicative of many retail traders FOMO'ing in. Wait for the euphoria to cool down some, and you'll likely find another key entry point coming up.

🔗 Here's the link to track social dominance for Bitcoin, and you can also explore it for over 4,000 other cryptocurrencies.