Now everyone knows that the altcoin season has arrived, but no one tells you how to determine that the altcoin season has come!
An important indicator for altcoin trends is the 'Bitcoin Market Dominance'
Dominance rising: Funds flow into Bitcoin, the big coin sucks blood, altcoin bear market
Dominance falling: Funds flow out of Bitcoin / Funds flow into altcoins, altcoin bull market
In March 2017, dominance dropped from 80% to 30%, triggering an altcoin bull market.
In January 2021, dominance fell from 70% to 40%, leading to an altcoin bull market.
Currently, in December 2024, the dominance is 56%, having already dropped below the rising channel.
The last significant drop in dominance was in January 2021, after which altcoins began to rise. In June 2023, it broke through and continued to rise until November 2024, while altcoins have been hitting new lows, and retail investors are suffering greatly. Now it has dropped below the rising channel, preparing for a new round of altcoin season!