Altcoins rally, but the alt season hasn't started yet.
Analyst Dennis Liu (VirtualBacon) says the average altcoin is only about 10% ahead of Bitcoin since Bitcoin’s bottom, and the Total 2‑to‑Bitcoin ratio remains “very flat.”
Strong outliers like Zcash (+726% YoY) and Quant (+530% from $59 to $370, now near $255) are isolated; even XRP hasn’t outperformed Bitcoin, while Ethereum, Solana and BNB are barely ahead.
Bitcoin is stuck between $85,000 and $86,000 after a rejection at $87,000, with a market cap of $1.72 trillion and a 58% share of the cryptocurrency market.
Liu warns traders not to wait for a new Bitcoin all‑time high—$83,000 is the daily pivot, with a break below potentially testing $78,000 support.
Do you think the current altcoin moves signal the start of a true alt season?
#Altcoins #Bitcoin #CryptoMarket #AltSeason
Analyst Dennis Liu (VirtualBacon) says the average altcoin is only about 10% ahead of Bitcoin since Bitcoin’s bottom, and the Total 2‑to‑Bitcoin ratio remains “very flat.”
Strong outliers like Zcash (+726% YoY) and Quant (+530% from $59 to $370, now near $255) are isolated; even XRP hasn’t outperformed Bitcoin, while Ethereum, Solana and BNB are barely ahead.
Bitcoin is stuck between $85,000 and $86,000 after a rejection at $87,000, with a market cap of $1.72 trillion and a 58% share of the cryptocurrency market.
Liu warns traders not to wait for a new Bitcoin all‑time high—$83,000 is the daily pivot, with a break below potentially testing $78,000 support.
Do you think the current altcoin moves signal the start of a true alt season?
#Altcoins #Bitcoin #CryptoMarket #AltSeason
