ALT Season? Not Even Close
When we exclude Bitcoin from the total crypto market cap, it becomes clear that we’re far from the conditions needed for an ALT season. Here’s a breakdown:
First Resistance: 1.28T (Excluding BTC)
The last high was in March 2024, with the market cap reaching 1.28T.
At that time, BTC dominance was around 52%.
Second Resistance: 1.71T (Excluding BTC)
This was the peak during the ALT season in November 2021, with the market cap hitting 1.71T. Back then, BTC dominance had dropped to just 42%.
Current Situation
BTC dominance is now sitting at 60%, which is far too high for a typical ALT season to start.
Historically, ALT seasons tend to begin when BTC dominance falls below 50% or even lower.
Conclusion
The altcoin market has a long way to go before reaching the conditions for a true ALT season. We need BTC dominance to decline significantly and the altcoin market cap to break through key resistance levels at 1.28T and 1.71T.
What’s your outlook? Are altcoins still in Bitcoin’s shadow, or is a shift coming? Let’s discuss!
First Resistance: 1.28T (Excluding BTC)
The last high was in March 2024, with the market cap reaching 1.28T.
At that time, BTC dominance was around 52%.
Second Resistance: 1.71T (Excluding BTC)
This was the peak during the ALT season in November 2021, with the market cap hitting 1.71T. Back then, BTC dominance had dropped to just 42%.
Current Situation
BTC dominance is now sitting at 60%, which is far too high for a typical ALT season to start.
Historically, ALT seasons tend to begin when BTC dominance falls below 50% or even lower.
Conclusion
The altcoin market has a long way to go before reaching the conditions for a true ALT season. We need BTC dominance to decline significantly and the altcoin market cap to break through key resistance levels at 1.28T and 1.71T.
What’s your outlook? Are altcoins still in Bitcoin’s shadow, or is a shift coming? Let’s discuss!
Penafian
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