#PowellRemarks 🧊 No Altcoin Season in Sight as Sellers Dominate the Market

The crypto market is facing heavy resistance, and hopes of an altcoin season are fading fast. Despite Bitcoin holding near key levels, altcoins are under severe pressure, with most charts showing continued lower highs and consistent selling volume.

Altcoin season — typically defined as a period when altcoins outperform Bitcoin — has historically followed major BTC rallies. But this time, the rotation seems stalled. Analysts point to macro uncertainty, a strong dollar, and institutional focus on Bitcoin and Ethereum ETFs as key reasons for the altcoin lag.

According to data from CoinMarketCap, over 80% of top 100 altcoins are trading below their 50-day moving averages. Solana, Cardano, and Avalanche have all lost recent gains, while memecoins like DOGE and SHIB have failed to reignite retail excitement.

Another factor is Bitcoin dominance, which remains stubbornly above 55%. This suggests capital is staying in the “blue chips” rather than rotating into smaller-cap tokens. Historically, altcoin season has required BTC dominance to drop closer to 40–45%, freeing up liquidity for riskier bets.

Traders are now watching two key indicators: the TOTAL3 market cap (altcoins excluding BTC and ETH) and the ETH/BTC ratio. Both continue trending downward, signaling weak momentum.

Until a clear breakout in these charts or a shift in macro sentiment, the altcoin market is likely to remain under pressure. For now, the trend is clear: sellers are in control, and altcoin euphoria will have to wait.

Bottom Line:

Don’t expect fireworks from altcoins anytime soon. Patience is key, and capital preservation may be the smartest trade in this phase of the cycle.