$BTC Has the bear market for altcoins ended?

Recently, the cryptocurrency market has experienced a significant shift, with Bitcoin dominance declining and altcoins and meme coins on a strong rise. Several signs indicate that a prosperous period for altcoins has arrived.

The dominance of the stablecoin USDT may have fallen to its lowest point since 2022, showing that funds are accelerating their flow into Bitcoin and other cryptocurrencies. Both technical indicators and market sentiment suggest that altcoins may experience a full rebound by May 2025.

The chart representing the total market capitalization of cryptocurrencies excluding Bitcoin has surpassed the bearish trend line that has been in effect since January 2025, forming a bullish breakout and a pattern of highs and lows on the daily chart. If it can further surpass the resistance level of $1.25 trillion, it will confirm a sustained bullish trend for altcoins, indicating that funds are shifting from Bitcoin to altcoins.

Meanwhile, Bitcoin dominance has dropped 4% in six days, marking the largest decline since November 2024, which typically indicates that funds are flowing out of Bitcoin and into altcoins, driving their prices up. Bitcoin dominance has shown a strong bearish divergence, accompanied by a decrease in trading volume, signaling that the bear market for altcoins has ended.