Now everyone knows the altcoin season is coming
But no one tells you how to determine if the altcoin season has really arrived
An important indicator for altcoin performance is the 'Bitcoin Market Dominance'
1. Dominance rising: Funds flowing into Bitcoin, Bitcoin sucking blood, altcoin bear market
2. Dominance falling: Funds flowing out of Bitcoin/funds flowing into altcoins, altcoin bull market
In March 2017, dominance dropped from 80% to 30%, triggering an altcoin bull market
In January 2021, dominance dropped from 70% to 40%, triggering an altcoin bull market
As of December 2024, the current dominance is 56%, already breaking the rising channel
The last major drop in dominance was in January 2021, after which altcoins began to rise, breaking through in June 2023 and continuing to rise until November 2024, while altcoins have been making new lows, retail investors are suffering greatly, and now it has broken the rising channel, preparing for a new round of altcoin season
