Traders Debate Whether BTC Pushes Higher or Yields Momentum to Altcoins
Bitcoin surged to a record $124,500 , pushing the total crypto market cap to a new peak of $4.26 trillion. The milestone has split market sentiment — will BTC continue into uncharted territory, or is it time for altcoins to dominate?
Samson Mow, CEO of Jan3 and a prominent Bitcoin advocate, sees two possible outcomes:
$BTC continues rallying, pulling liquidity from altcoins and sending them lower.
Altcoins peak first, causing a temporary Bitcoin dip before the next BTC surge.
Mow remains skeptical about Ethereum’s current valuation,
calling it “unsustainable” compared to Bitcoin and warning it may face heavier
selling pressure as it nears previous highs — a dynamic he terms the “Bagholder’s
Dilemma.”
Over the past month,$ETH Ethereum has jumped 58%, far
outpacing Bitcoin’s 3.5% gain. This has pushed BTC dominance below 60%
for the first time since January, a level that often signals altseason.
Other analysts agree that altcoins could shine in the short
term. Apollo Capital’s Henrik Andersson expects ETH and DeFi tokens to
outperform, fueled by friendlier regulation and the rapid growth of tokenized
real-world assets. The total value locked in DeFi is at record highs,
boosting protocol revenues. Nick Ruck of LVRG Research adds that rising altcoin
trading volumes alongside falling $BTC dominance supports the case for an
alt-led rally.
Whether Bitcoin quickly reclaims the lead or lets altcoins
run for a while, analysts agree: the next few weeks could set the tone for
the next phase of the crypto cycle.