Multiple analysts are calling the start of a new “altseason”, citing a confirmed reversal in Bitcoin dominance, renewed momentum in Ethereum, and a broader shift toward altcoins.
Crypto trader Rekt Fencer posted a breakdown chart showing what he described as a confirmed top in BTC dominance, projecting a sharp decline to 45% or lower.
“This is altseason. Your alt bags are about to go parabolic,” he said, referring to the growing capital rotation from Bitcoin into smaller-cap altcoins.
Echoing the sentiment, analyst SenseiBR shared the same chart, stating, “$BTC dominance is about to dump hard. #ALTSEASON starts NOW!” The chart suggests that Bitcoin’s share of the total crypto market has entered a long-term downtrend after topping around the 54–55% mark.
Ethereum Leads the Way
Momentum is already shifting. Ethereum, the second-largest cryptocurrency, recently broke above key resistance levels. Crypto Caesar highlighted ETH’s breakout with a bullish ascending triangle pattern and suggested $3,000 could be next. “Altseason is coming,” he posted, citing Ethereum’s technical breakout.
Market Metrics Confirm Trend
Carl Moon pointed to data from BlockchainCenter’s Altcoin Season Index, which is beginning to climb back toward the upper zone that typically signals market dominance by altcoins.
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“WE’RE COMING BACK STRONGER THAN EVER! #ALTSEASON,” he declared.
With BTC dominance turning downward and Ethereum breaking out, sentiment across the crypto space is increasingly optimistic for altcoins. The historical correlation between falling BTC dominance and rising altcoin performance suggests that a period of explosive gains for alternative tokens may be underway.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/altseason-signals-flash-as-bitcoin-dominance-tops-out-analysts-say/