From the perspective of #BTC's market capitalization, when will the altcoin season come?

What is the focus on Bitcoin's market capitalization? The ratio of BTC's market capitalization in the total market capitalization of digital currencies.

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Currently, we can see that from the lowest point in 2022 of 40% to 60%, there has been a trend upward, pushing BTC's price to a new high. Looking at the K-line, 62%-63% is the previous resistance level, and there is already a possibility of a market capitalization pullback.

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From 2021 to 2023, while the market capitalization trend was consolidating at a low level, the price also fell back by 80% from its highest point. Conversely, when the market capitalization experiences a rapid decline, BTC's price often sees a significant pullback. Certainly, as the market capitalization enters a correction phase, altcoins will begin to catch up.