The cryptocurrency market may be entering a crucial turning point.
Prominent analyst Crypto Rover shared fresh charts suggesting that a new “altseason” could be around the corner, signaling potential explosive gains for altcoins as Bitcoin’s dominance starts to decline.
According to Rover, the TOTAL2 index – representing the total market capitalization of all cryptocurrencies except Bitcoin and stablecoins – is now hovering just below its all-time high. A confirmed breakout above this level would historically mark the start of a broad altcoin rally. The chart shows TOTAL2 near $1.7 trillion, a resistance level that has capped growth since early 2022.
Bitcoin Dominance Faces a Breakdown
At the same time, Rover’s second analysis points to a weakening Bitcoin dominance index ($BTC.D), which tracks Bitcoin’s share of the overall crypto market. His chart highlights a long-term descending trendline that has repeatedly triggered sharp corrections in the past.
Rover suggested that Bitcoin dominance is once again failing to break above this resistance and is now “about to crash hard,” hinting that capital could soon rotate from Bitcoin into high-performing altcoins. Historically, such shifts have preceded powerful altcoin rallies as investors seek higher returns outside the leading cryptocurrency.
Market Expectations Rise for the Fourth Quarter
The broader crypto market has already seen renewed momentum in recent weeks, driven by expectations of further institutional inflows and improving macro conditions. If TOTAL2 breaks into new highs, analysts say altcoins like Ethereum, Solana, Cardano, and Avalanche could see substantial upside potential before the end of the year.
“Betting big on altseason will pay off soon,” Rover added, emphasizing that the setup mirrors previous market cycles where Bitcoin stabilized after major gains while alternative cryptocurrencies surged to new records.
With Bitcoin trading near historic highs and altcoins lagging behind, traders are watching the charts closely. If the signals align, the coming weeks could mark the official beginning of the next altcoin supercycle.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.