#MarketRebound

#AltcoinSeasonLoading

Is the altcoin season dependent on the movement of Bitcoin's dominance percentage?

Yes, in the past period, Bitcoin's dominance exceeded 65%, and this was a factor that drained a large amount of liquidity from most altcoins and depleted them.

We have not witnessed these levels of dominance since 2020-2021, and it indicates that the focus of large whales and investors is primarily on $BTC .

This dominance has currently reached a central and important resistance level on the daily timeframe, and we have seen a break that could be the beginning of the altcoin season.

Certainly, this process does not happen overnight and requires time and a gradual movement of liquidity from Bitcoin to other coins.

Everyone is waiting for this matter, and all we can do is to follow up and not forget to protect our capital.