The dominance of BTC is at a critical stage — here it will be decided whether there will be an altcoin season or not
In recent days, Ethereum and altcoins have shown strong growth relative to Bitcoin. However, BTC dominance (BTC.D) has sharply fallen and is stuck in the middle of the range.
Now two scenarios are possible:
🔺 If BTC dominance rises again, it will mean that the growth of ETH/BTC and altcoins was just a short squeeze, and Bitcoin will return to market dominance.
🔻 But if altcoins show sustained strength against BTC and dominance begins to decline (almost to the 60% mark), this will be a serious signal for the start of the altcoin season (a phase of strong altcoin growth).
At this moment, the market is in wait mode, anticipating the next step from BTC. Opening a large position in ALT/BTC in the short term is quite risky. The best approach is to observe and wait for a confirming signal.
In recent days, Ethereum and altcoins have shown strong growth relative to Bitcoin. However, BTC dominance (BTC.D) has sharply fallen and is stuck in the middle of the range.
Now two scenarios are possible:
🔺 If BTC dominance rises again, it will mean that the growth of ETH/BTC and altcoins was just a short squeeze, and Bitcoin will return to market dominance.
🔻 But if altcoins show sustained strength against BTC and dominance begins to decline (almost to the 60% mark), this will be a serious signal for the start of the altcoin season (a phase of strong altcoin growth).
At this moment, the market is in wait mode, anticipating the next step from BTC. Opening a large position in ALT/BTC in the short term is quite risky. The best approach is to observe and wait for a confirming signal.
