A lot of pro traders and investors think that altcoin season won’t really kick off until we see some significant drop in Bitcoin's dominance. Right now, it’s still pretty strong at around 63%.
Not too long ago, many traders and retail investors thought altcoin season was over, but I actually believe it hasn’t even started yet. I don’t have any technical indicators to back this up, but looking at what’s happened in the past, there’s a chance that altcoins are just biding their time and could take off anytime this year. What do you guys think?
Will Bitcoin dominance drop to kick off altcoin season?
19 replies 206 views
Altcoins have their season in 2024 which should be the altseason. Bitcoin dominance is taken most by coins like ether but ether disappointed people this season and it did not get to all-time high.
I will advice you people not to hold altcoins for a long time because if there will be a bear market, they will fall more. The world are getting to know more of bitcoin but less of altcoins. I mean institutions and countries reserves.
Its correct analysis since lesser Bitcoin dominance means more money flows to the altcoins that comes from Bitcoin or fresh money(assuming marketcap increase).
Altcoin season happened when Bitcoin dominance decreased while the price of Bitcoin still increased since it only means that many fresh money entering the market purchased altcoin without the need to sell Bitcoin just to purchase altcoin.
Right now, the majority of Bitcoin holders is not selling while no new fresh money entering the market for altcoin.
alex.shardLegendary
Posts: 1019 · Reputation: 5623
#4May 13, 2022, 01:57 PM
You are very correct sir, it's a terrible idea to be holding on to alt or meme coin now because their is a higher probability that if Bitcoin dip further, alt or meme will drop even more, and one terrible thing about alt and meme coin is that anytime they fell, like 80% of them will never recover when Bitcoin start rallying up, so holding unto alt or meme coin hoping for alt season is actually not ideal in my own opinion because the risk is just too high.
Yes, that's true. It has always been the pattern. Dominance of Bitcoin has to drop before altcoins can moon. I hope it gets to $150k before we start seeing that decline in dominance to around 4548%. Anything above 50% still looks like an unripe time for altcoin in my view. It's a simple mathematics. Once investors (not traders) feel that they've to take out the profit in Bitcoin and reinvest into altcoins, patronage for Bitcoin will start dropping. The first call of interest for altcoins is usually the large capped coins and ETH is always number one on that list. So, funds begin to flow into ETH and others on the top list. From there it trickles down to small caps and memecoins.
To say the truth, we may not notice much bullishness in individual small capped coins because there are so many of them now unlike what we had in 2018 when they were very few.
diamond1337Full Member
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#6May 13, 2022, 09:36 PM
Honestly, I dont think bitcoin dominance will melt down because its always bitcoin that dominates the crypto market, altcoins just follow. However, for altcoin season to start, bitcoin bullish season should come to an end as the crypto market will welcome the altcoin season.
I guess theres no surprising about it, that has always been the pattern ever since. Its just that we cant be certain when will be the start of altcoin season since bitcoin has always been bullish within the past days and months.
pixel_cobraFull Member
Posts: 91 · Reputation: 655
#7May 14, 2022, 12:03 AM
If there ever is an altcoin season, only a few altcoins will rise and most probably those are the L1s and some AIs or other hyped narratives that have been marketed over and over. While Bitcoin dominance still will not melt down. There may be dips like what is currently happening but once the it hit bottom in the lower TF, it will rocket up again along with the few altcoins.
Not all altcoins will going to up bit Bitcoin will still be the first to surge.
But, is it that some people don't think or what. If altcoins were that really reliable (as some of these persons see it fit to gamble their money on them), don't they think that these corporations, institutions and the governments that are adopting bitcoin as strategic reserves would have extended same funds to those altcoins as well. Anyone still waiting for an altcoins season may just be wasting time because after the peak we saw with altcoins in around 2024 am not quite sure we will have a repeat of that in 2025.
Altcoin investors have been talking about altcoin season for quite sometime now, are you sure there is going to be an altcoin season anytime soon.
That said, capital has to move from bitcoin and flow into altcoins for there to be an altcoin season, but i cannot see that happening right now, with all the adoption of bitcoin from nations and institutions, i can only see more inflows for bitcoin, rather than outflows to altcoins that are less trusted.
CyberFalconFull Member
Posts: 167 · Reputation: 738
#10May 14, 2022, 11:10 AM
For the few months I have been observing a few Telegram channels and Twitter accounts that are just posting about altcoin season coming soon. But so far altcoin season hasn't started, and Bitcoin is still dominating the market. We can see when Bitcoin dumps, then everything starts dumping, but when Bitcoin pumps, alts aren't pumping at the same time. That means there is no alt season yet; probably we can see it at the end of the year.
Major coins like Ethereum are still struggling to hold their position, but most of the time seem to be failing. So unless Ethereum pumps hard, we can't see alt season at all. However, currently Bitcoin seems dumping, and alts as well. If Bitcoin stays calm and reduces its dominance, then alt season is expected. And it will likely end in December. After that we may see a big correction in the market.
Altcoin season will only appear in the market when there is no longer bitcoin bull run, that is often the case. Altcoins just follow the path of bitcoin. At times the altcoin season get delayed, thats because bitcoin bull run also took a long time before its bull run happened, so its kind of having a cycle in the market.
Bitcoin and altcoins are both cryptocurrencies that have the same goal, to achieve its peak price. But their potentials and utility cases are very much different thats why bitcoin always takes the lead, altcoins follow.
In my understanding the peak of BTC cycle will be achieved when the Bitcoin dominance was around less than 50%< if I am not wrong it's like 40% or somewhere near for the past 2 cycle and when that happens some investors may sell altcoins to buy BTC but there's more new people coming into the market means new money enters that triggers the alt season too but there's no relevance too with bull or bear with dominance of Bitcoin because we have been at different dominance level when Bitcoin Hit bottom too.
Not all altcoins have the potentials to increase their price, only those valuable coins will follow next to bitcoin, the rest will never have chances to recover anymore from their low prices, until they end up as dead coins. However, if were going to wait when will bitcoin dominance will melt down, I think thats never gonna happen. Bitcoin is always leading the market, so theres very low chances for its price to give way for altcoin season to rise.
If one wants to follow the historical trend of the market, for the so called Altcoin season to actually occur the dominance in bitcoin needs to shift to altcoin to actually bring in more liquidity, bitcoin dominance hasnt dropped since post ETF saga and it needs to actually drop for Like a week before we can have the alt season even kick started.
But looking at this cycle the question that one would ask themselves is if the market is actually ready to shift, the market sentiment this cycle looks like investors value more of less risky coins that the old fashioned way of gambling on Altcoins, also with Altcoins over spread over the last fews compared to the last bull run, many would be sticking to high market cap coins like bitcoin as such I dont think I also foresee much of a coming alt season
I don't think it's controversial to say that when Bitcoin dominance shifts to alts, then alts season will start. I also see similar sentiments like yours about the potential of another alt season in this cycle. Some of their arguments are kinda hard to prove, though, since they rely on unproven patterns. At times, it feels like they rely on emotional and fomo too, so it's hard to believe in their analysis unless you're already in the camp that believes alt season will happen in the future.
If it were me, I'd also stick with top alts and prepare capital to wait for an opportunity where small/medium market-cap coins got enough volume to pump.
Every cryptocurrencies season has is own season where investors and traders be favour with so many opportunities that will make them to prefer the coins they find favour from, you can see that we are in bitcoin season, where you can trade or sell your bitcoin to make huge amount of income, I will advice you not to focus on only altcoin season than to focus both bitcoin and altcoin season for you to be making income from both season.
The fact that bitcoin dominance index rate as you said is still bullish means we are still far away from seeing altcoin.
The bitcoin dominance can also do sideways and it'd take quite a while before it will go down.
There's also possibility that it won't go down at all, the total2 chart looks pretty bearish in my opinion.
Altseason probably wont start until new types of ETFs get approved.
Right now, Bitcoin dominance remains high mostly due to fresh institutional inflows through the newly launched U.S. spot BTC ETFs.
Ethereum ETF? Didnt move the needle much.
Big investors dont really care about altcoins theyre looking for dollar alternatives, and for now that means gold and Bitcoin. Theyre not here to explore blockchain tech, theyre here for macro-level hedges.
Are you sure? Have you forgotten about Ordinals that congested the bitcoin blockchain? There was a time Ordi was at $2.75 but rose to $95. You can check altcoins (BRC20) like SATS, RATS and many of them that rose significantly in 2024. Also how about the memecoins? Have you forgotten? These were the tokens that people most went for but just as other altcoins, they were gambling with it. These is evident enough to know that new happening like that which people went for were a sign of altseason. The time has passed and people should not expect anything until the next cycle.
Ethereum is an altcoin. An altcoin can disappoint at anytime just like others. No altcoin to really reduce bitcoin dominance and many of them pumped when bitcoin was increasing in price.
AtomicStakeFull Member
Posts: 153 · Reputation: 453
#20May 20, 2022, 01:50 AM
The era of altcoin is swiftly wrapping up. Traders are beginning to understand that there's no coin as Bitcoin. Some altcoins have tried but still maintaining a continuous decline and loss of interest from investors. Meme coins have lost its credibility since early this 2025 after taking over the year 2024. In most crypto forums, memes coins/Telegram bots are banned already.
There would continuously be a rise in hatred for most of these altcoins due to the fact that most of them are scam projects and collect from the community instead of giving back to the community. Also, as a risk taker, it is not wise to hold any altcoins for a long time. Investing in altcoins should also be monitored closely in order to withdraw your funds before it's completely lost.
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