Altcoin Season? Don’t Hold Your Breath, Darling

by

Oh, the eternal wait for altcoin season 🙄. It’s like waiting for Godot, isn’t it? The crypto market is still stuck in a bearish rut, and those poor altcoins are just dying to rally already 💀. But, alas, not everyone is convinced that the altcoin season is just around the corner 🤔.

Take Stockmoney Lizards, for instance. This market analyst extraordinaire has decreed that altcoin season is “not even remotely close” 🚫. And why, you ask? Well, it’s all because of that pesky Bitcoin dominance, darling 💪. It’s still far too high, and until it crashes, those altcoins are doomed to languish in obscurity 💔.

Now, I know what you’re thinking: “But what about the 2% drop in Bitcoin dominance? Doesn’t that mean anything?” 🤔. Well, let me tell you, sweetie, it’s just a drop in the ocean 🌟. The dominance is still trading inside that channel, and if it increases from here, it’s curtains for those altcoins 🚫.

And don’t even get me started on the numbers, darling 📊. The Bitcoin dominance is still above 65%, which is simply too high for altcoin season to begin 🚫. I mean, remember the last time it was this high? Ah yes, 2021, before it crashed and ushered in the altcoin season 📆. But until it falls to around 40%, those altcoins are stuck in limbo 🔮.

And what about Ethereum, you ask? 🤔. Well, darling, its dominance has dropped to a paltry 8%, a 5-year low 📉. It’s simply not enough to pull the altcoin market up with it 🤦‍♀️.

Now, I know some of you are thinking, “But what about the altcoin dominance, excluding Ethereum?” 🤔. Well, let me tell you, sweetie, it’s dropped to 26%, a level not seen since 2021 📆. But, alas, it’s not enough to signal the start of altcoin season 🚫.

So, there you have it, darlings 🤗. Altcoin season is still a distant dream, and until that Bitcoin dominance crashes, it’s just a pipe dream 💭. But don’t worry, I’m sure it’ll happen eventually… or maybe not 😏.

Read More

2025-07-04 13:36