We must focus the differences of
$BTC # and
#altcoins If we look at altcoins separately from Bitcoin, the current market sentiment aligns perfectly with the "Disbelief" phase of a market cycle.
Here's why the "Disbelief" tag fits altcoins right now:
• Sharp Price Correction: Altcoins have dropped significantly, by 60–80% from their recent highs, even though the core technology and fundamentals for many projects are actually stronger than in past cycles.
• Widespread Apathy: Most investors feel disappointed or simply "bored" with the market; there's very little buzz or excitement about new altcoin rallies.
• BTC Dominance: Bitcoin's market share (BTC dominance) is hovering around 55–56%, which is typically a level observed just before the start of a new altcoin cycle.
• Ignoring Good News: Despite positive external news (like ETF approvals, potential interest rate cuts, etc.), altcoin prices haven't reacted yet—a classic sign of a "disbelief rally" where people think: "This rise can't possibly last."
• On-Chain Activity: Data shows that long-term holders are massively accumulating major L1/L2 projects, a typical behavior seen in a "bottom zone."
So, while Bitcoin might be in the "Belief / Optimism" stage of its new phase, altcoins are still stuck in "Disbelief," where only patient investors are accumulating.
If this analysis holds true, historically, altcoins have substantial room for an upward cycle in the next 6–12 months, as "Disbelief" always precedes the "Hope" and then the "Optimism" stages.
#BTCDOMINACE #AltSeasonComing $SOL $TIA