The hopes of the Altcoin season were affected after the bitcoin price decreased to less than 100,000 dollars, and Altcoin prices quickly decreased. Altcoin’s declines were more prominent, as most Altcoins now sit more than 70 % less than its high levels at all. During this time, bitcoin dominance was rising quickly, indicating that all the focus is still on bitcoin at the present time. With high domination, an explanation analyst detecting what can lead to the altcoin season.
The catalyst for the next altcoin season
After leaving the weekend, Bitcoin dominance that appeared again On the 66 % mark to reach the highest new levels for 4 years. This showed that the Altcoin season was not soon with the low prices in all fields, and the maximum Altcoin market decreased.
Highlighting the height in Bitcoin, Rekt Capital Indicate Why this increase is important. With the highlight of a former publication on X (Twitter previously), the analyst explained that the height of Bitcoin’s dominance is already important if there is a Altcoin season.
More importantly, bitcoin dominance must cross to a 70 % area before there is End of the attack on the altcoin market. Referring to the historical performance, Rekt Capital set the Bitcoin dominance that is rejected in the 71 % brand before the Altcoin season begins.
Reading the post: “If the date is repeated, the real altseason that everyone awaits will start once you refuse to dominate Bitcoin from 71 %.”
What happens to Altcoins if BTC dominates 71 %?
Looking at the Rekt Capital’s call to the rise of Bitcoin’s dominance to 71 % before the altcoin season begins, this has a concept of questions about what this means for Altcoins. As we have already seen, the continuous height of Bitcoin means that Altcoin prices will continue to decline, and with the decrease in prices already, it seems that a lot of Altcoins has completely disrupted.
Encryption Headlines This is in another x publication, explaining that Bitcoin height height To 71 % does not mean that Altcoins will go to scratch. It indicates a similar trend in February 2025 when bitcoin dominance increased by 6 % in one month. Nevertheless, Altcoin prices have withstood until the recovery began.
Rekt Capital notes that the market may interact similar to the way it has returned in February, noting that the road to 71 % is less than what happened in February, by only 5.5 %. Now, it’s just a waiting game to see how the market is running in the next few weeks with the continued dimensions of the Altcoin season.
Distinctive image from Dall.e, Chart from TradingView.com
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2025-06-24 11:30:00
