Crypto Market September 3: Accumulation Phase or Critical Turning Point?

Impressive Market Overview

From the perspective of a trader who has monitored crypto for years, I see the total market capitalization reaching around $4 trillion as a noteworthy milestone. This figure reflects the maturation of crypto markets, with Bitcoin maintaining 59% dominance and trading around $118,000/coin - a price level many never thought would be achieved.

Looking back at my journey from losing $1000 in forex, I learned that massive market caps like this usually come with accumulation periods. Al Brooks once taught me that after strong trends, markets need time to digest gains before the next leg up.

Bitcoin - The King Remains King

Bitcoin oscillating around $118,000 during a medium-term correction shows healthy market structure. This isn't weakness but natural pullback after strong rallies. This pattern is very familiar with what Bob Volman taught about healthy corrections.

Experience as an opinion leader for new crypto projects helps me recognize that when Bitcoin consolidates at high levels like this, it usually attracts capital flows from institutional investors. They view these moments as opportunities to accumulate at "relative discounts."

Is Altcoin Season Beginning?

Ethereum rising to $3,889 alongside major altcoins like BNB, XRP, Solana recording 1-7% gains is an interesting signal. From business trips to Singapore and Thailand, I witnessed fund managers starting to diversify from Bitcoin to altcoins when BTC dominance stabilizes.

Luna, my ragdoll cat, lately observes multiple directions - just like how market participants are exploring different crypto opportunities. The recovery of AVAX, Polkadot, Chainlink shows clear differentiation - good quality projects getting recognized.

Stablecoin Dominance and Market Liquidity