Quote from: Swordsoffreedom on Today at 09:05:34 AM

Quote from: |MINER| on July 21, 2025, 09:09:30 PM

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%?

Bitcoin dominance has recovered but now it is at 60.8%. Now I am not really sure how the Altcoin season will come with this. But yes, I will agree with you that if Bitcoin dominance falls below forty percent then the altcoin season will rule the market.

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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.

Actually, you are making a wrong assumption here. Because I never said that altcoin season should not come. What I want to say here is that the situation in the altcoin market makes it unlikely that there will be an altcoin season this season. And this is mainly as a warning because people will invest for FOMO and end up facing losses.

But I would definitely be happy if the altcoin season comes because I have some tiny investments in altcoins and I am optimistic that a good profit can be made during the altcoin season.