Bitcoin dominance (BTC.D) dropped rapidly in three days, which is usually a sign of an altcoin season. This drop occurred alongside the rise in prices of other coins and the liquidation of short positions on them.

There are also good news about negotiations between America and China, which reduced the demand for Bitcoin as a safe haven and encouraged people to invest in alternative coins.

When traders saw gains in coins like Ethereum, new money flowed into these coins and Bitcoin's dominance fell further.

It's like a cycle; Bitcoin's initial gains made people look at other coins, which increased their value and lowered Bitcoin's dominance.

The question now is, is this a real altcoin season or just a temporary drop? The answer will show in the performance of Bitcoin's dominance in the coming days. If it rises again, then this was just a fluctuation, not a change in the market.

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