The Altcoin season could be on the horizon while the domination of the bitcoin falls, and Ethereum leads the charge with a solid gathering around $ 4,000.
While Bitcoin is stable below $ 120,000, altcoins are growing. This upward trend among altcoins erodes the share of bitcoin in the cryptography market.
The Altcoin season is fast approaching
The Altcoin season index is currently approaching the critical threshold of the season of seasonal Altes. The index follows altcoin performance compared to bitcoin.
It indicates whether the larger cryptography market enters a phase where altcoins surpass the BTC. At the time of writing the time of the editorial staff, the indicator is in the middle, guaranteeing stronger performance of altcoins to violate the threshold, indicating an Altcoin season.
Capital entries now promote altcoins compared to bitcoin, more validating positive feeling. A season of Altcoin is confirmed when 75% of the 50 best cryptocurrencies – including stablescoins and tokens supported by assets – on Bitcoin over 90 days.
Currently, only 50% of these altcoins have exceeded Bitcoin yields, which shows that there is room for additional growth before the start of an entire full -fledged season of Altcoin.
However, the overvoltage of 27% of Ethereum this week only pushed many other tokens to the summits of several months. If more altcoins follow the advance of Ethereum and surpass bitcoin in the coming weeks, the threshold necessary for the Alts-season could be reached at the beginning of next month.
Bitcoin’s domination Wavers
Bitcoin domination has dropped sharply in the last five days, lowering 5.6% from 64.5% to 60.9%. This drop marks the lowest point in four and a half months and reflects the growing preference of the market for altcoins.
A decrease in domination is often the first sign of an incoming Altcoin season.
The Ethereum rally has contributed significantly to this drop, because the price of the BTC remains largely stable at $ 118,301. Despite the loss of market share, the price of Bitcoin has not decreased, signaling a healthy market change rather than a sale. The asset continues to consolidate just below $ 120,000.
However, caution is justified. If Altcoin investors are starting to make profits due to recent gains, pressure sale could block the rally. Many tokens are at summits of several months, and any net sale could reverse the gains.
This could delay the start of a real season of Altcoin, pushing it later in the third quarter of 2025.
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