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.
Bitcoin dominance has dropped more than 4% but also brought ETH to $3k8, 3x higher since the 2024 low, or many meme coins like Pengu have increased 10x since their lowest bottom. What happens if DOM drops below 54% or below 40%?
If you study money flows in previous cycles, you will see that money always flows into bitcoin first. So comparing DOM of December 2024 with now is not accurate, because at that time money was pouring into bitcoin. So it is no surprise that altcoin prices are unlikely to rise at that time. But if BTC.D drops from 64% to 54% from now, that's a different story.
Since you're only investing in bitcoin, it's not hard to see why you don't want altcoin season to come. But the market does not move according to our thoughts and desires. Just because we believe and hope it won't happen, doesn't mean it definitely won't happen. Let time tell.