Most professional traders/investors believe that the much anticipated altcoins season will not commence except there are reasonable melt down of the dominance index rates. As a matters of facts, Bitcoin dominance index rate is still bullish at 63% as at the time of writing.
Some time ago many traders, retail investors and holders thought that altcoins season has ended earlier this year, but I have contrary opinion, i think that altcoins season is yet to commerce, though no technical indicator to validate my opinion, but based on past experiences of the past season, there could be reason to believe that altcoins may be loading waiting to commence any time this year. What are your thoughts?
Altseason probably won’t 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? Didn’t move the needle much.
Big investors don’t really care about altcoins — they’re looking for dollar alternatives, and for now that means gold and Bitcoin. They’re not here to explore blockchain tech, they’re here for macro-level hedges.