Bitcoin dominance has climbed back to 60%—is altseason coming?
Bitcoin dominance has climbed back to 60%, and everyone in the market is saying altseason is just around the corner. But let me pour some cold water on that: this isn't a boom at all—it's a warning that liquidity is being drained by $BTC .
Glassnode data shows that $BTC has found support twice near the ETF cost basis of around $81,500 🛡️. Supporters see this as a prelude to capital rotation, but history tells us that surging dominance often goes hand in hand with altcoins being bled dry.
Real money is huddled in the market leaders, with no extra liquidity trickling out to the rest of the market. There are two levels we need to watch closely: first, whether support at $81,500 holds; and second, if it breaks, whether the true market mean around $77,500 can hold 📉.
When the tide goes out, those quiet tokens in your hands won't even count as stranded boats—they'll be left on a dry beach.
#BitcoinDominanceReturnsTo60% $BTC
Bitcoin dominance has climbed back to 60%, and everyone in the market is saying altseason is just around the corner. But let me pour some cold water on that: this isn't a boom at all—it's a warning that liquidity is being drained by $BTC .
Glassnode data shows that $BTC has found support twice near the ETF cost basis of around $81,500 🛡️. Supporters see this as a prelude to capital rotation, but history tells us that surging dominance often goes hand in hand with altcoins being bled dry.
Real money is huddled in the market leaders, with no extra liquidity trickling out to the rest of the market. There are two levels we need to watch closely: first, whether support at $81,500 holds; and second, if it breaks, whether the true market mean around $77,500 can hold 📉.
When the tide goes out, those quiet tokens in your hands won't even count as stranded boats—they'll be left on a dry beach.
#BitcoinDominanceReturnsTo60% $BTC