When will we see the dizzy altcoin season?
At this stage, although some strong altcoins have begun to perform, the crazy altcoin outbreak like in 2021 has not yet arrived.
This is because we have just passed the "BTC-led stage" of this cycle, and the price of BTC has risen and absorbed most of the liquidity.
Before the momentum of BTC changes, altcoins will not really rebound, and now the fun has just begun!
BTC's dominance has shown signs of turning around as it continues to rise.
When BTC's dominance is broken, the real altcoin season will be ignited.
So we have seen a general rise in the altcoin market in the past few days. Even though Bitcoin is adjusting at a high level, BTC has performed well in this round driven by the Trump economy, which is actually a very healthy thing.
We need a strong BTC to lay the foundation for a sustainable altcoin counterattack. The higher Bitcoin rises, the greater the force of capital turning to altcoins.
In the previous round, at a similar stage in the market, BTC continued to outperform the market until the end of 2020, and it was not until the halving in 2021 that altcoins finally became the focus of attention.
If the same pattern repeats, this round may turn to a real altcoin season in early 2025.
We can see from the K-line chart of the total market value of altcoins excluding the top 10 as a percentage of Bitcoin's market value that altcoins have just bottomed out and started to reverse. The current altcoin speculation index is 40%, and the last two rounds of bull peaks have reached +90%.
Therefore, altcoins still have a lot of room for growth!
