How can the shift of large holders from Bitcoin to Ethereum affect Bitcoin’s market share?
Why is this the correct answer?
This is correct because when large Bitcoin holders move their coins to Ethereum, they either sell Bitcoin or shift their capital away from it, reducing the total Bitcoins available for trading and thus lowering Bitcoin’s dominance in the overall cryptocurrency market. Market share measures Bitcoin’s capitalization or trading volume relative to other assets. Beginners should understand that substantial transfers by whales away from Bitcoin signal shifting demand and cause Bitcoin’s percentage of the crypto market to drop.
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