Highlights:
1. BTC price exceeded $99,000, and its market capitalization share climbed to 59.5%, which excited investors. 2. Altcoins performed poorly and were considered to be sucked blood by BTC. When will the spring of altcoins come? 3. The surge in Bitcoin prices is beneficial to the rise of altcoins, but they need to stabilize at a high level; the decline in BTC dominance may indicate the beginning of the altcoin season.
4. The trading volume of altcoins exceeds that of Bitcoin, and the altcoin index is below 75. The altcoin season has not yet arrived.
According to the latest market data, the price of BTC continues to rise, breaking through the $99,000 mark, and its market value has climbed to 59.5%. This phenomenon has excited investors, while community players lament that altcoins are being sucked away by BTC. BTC continues to set new highs, when will the spring of altcoins come?
BTC breaks through $99,000, market value climbs to 59.5%
According to AICoin (aicoin.com) market data, BTC has just broken a new high again, reaching a maximum of US$99,852, an increase of 4.85% in 24 hours, and is now worth US$99,132.
In the 4-hour cycle, both DIF and DEA diverge upward, and the MACD histogram continues to be positive and expands, showing a bullish signal. The RSI value is 72, entering the overbought zone, but there is no callback signal yet, so we need to be alert to possible adjustments at any time. The current price is above EMA7, EMA30 and EMA120, and EMA7>EMA30>EMA120, showing a typical long arrangement, supporting continued bullishness.
The sharp rise in Bitcoin while the lack of improvement in altcoins has triggered an inspiring discussion among community players. Cryptocurrency analyst Miles Deutscher also tweeted today that altcoins are currently being drained of blood by Bitcoin.
When does the copycat season come?
The logic behind the rise of altcoins
Bitcoin prices have soared, but the performance of the altcoin market remains sluggish. WOO X Research said that "funds will follow the characteristics of market liquidity."
For altcoins to rise, Bitcoin prices usually need to reach a stable high level, so that investors are willing to transfer funds from Bitcoin to altcoins. The path of capital flow is usually from larger assets to smaller assets, which means that Bitcoin must first rise and stabilize before funds can flow into the altcoin market. Wacy also posted a picture to prove this point.
BTC dominance declines (declining market capitalization share)
When Bitcoin’s share of the entire cryptocurrency market, known as Bitcoin dominance, falls below a key level, it indicates that investors are moving funds into altcoins, a shift that typically signals the start of an altcoin season as people look for assets with higher potential returns.
Miles Deutscher just tweeted, “Remember, the real alt season can only begin when BTC dominance reverses. Now, it (BTC market capitalization share) is still parabolic, be patient and watch the chart.”
Wacy believes that falling below 57% will be the key to starting the altcoin season. Currently, BTC accounts for 59.5% of the market value.
Altcoins take over trading volume
On cryptocurrency exchanges, altcoin trading volume is beginning to exceed Bitcoin. For example, trading activity for pairs such as ETH/USDT or SOL/USDT may be higher than BTC/USDT. This shift shows that altcoins are beginning to become the main focus of traders and investors. And currently BTC 24-hour trading volume.
Altcoin Index
The Altseason Index (ASI) is an important indicator for measuring the performance of altcoins relative to Bitcoin. The ASI is determined by comparing the performance of the top 50 altcoins with Bitcoin over a 90-day period. It is generally believed that an ASI score of more than 75 indicates that the market has entered the so-called "altcoin season", while today's altcoin index is only 31, far below 75.
summary
Bitcoin’s new high of 95,000 has brought exciting signals to the entire cryptocurrency market. However, for altcoin investors, patiently waiting for changes in market capital flows remains the key. The altcoin market has been relatively slow to respond, and many investors and analysts are keeping a close eye on this, looking forward to whether altcoins can usher in a new round of rising cycles. With the maturity of market conditions and the stability of Bitcoin, the spring of altcoins may not be far away. At the same time, investors should pay close attention to market indicators and macroeconomic changes to seize the best investment opportunities.
