Have you checked the altcoin market and bitcoin dominance lately? Bitcoin dominance has dropped from 65% to 60% and will soon continue to drop to 50% or even 40%. Along with that, the altcoin market is showing signs of strong growth led by ETH as ETF cash flows have been consistently higher than bitcoin in recent days.
I am pretty confident and betting that once ETH breaks ATH it will trigger altcoin season and history will repeat itself again.
Crypto is just a speculative market, and its performance depends more on manipulation than supply and demand. Altcoin season hasn't arrived yet simply because it's not the right time. Like every cycle before it, altcoin season only comes when there are not many people who believe in it anymore, it only appears when most people have sold their altcoin bags and believe that bitcoin is the only coin will go up in price.
History repeats itself once again.
Currently, I can see that Bitcoin has a dominance of 59.7% .
And at the same time I do not think that the altcoin season will come in the market due to the decrease in Bitcoin's dominance by only around 4.69%.
Because before this, when the market created its first bull market in December 2024, Bitcoin's dominance in the market was around 54%. Even then, we did not see a very good performance of altcoins in the market.
And now those who are saying that a alt season will come even it is after bear trap, this seems ridiculous to me. I would say it's just a FOMO of the market.