Altcoin Season? Don’t Hold Your Breath, Darling

Oh, the eternal wait for altcoin season ๐Ÿ™„. 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 ๐Ÿ’€. But, alas, not everyone is convinced that the altcoin season is just around the corner ๐Ÿค”.

Take Stockmoney Lizards, for instance. This market analyst extraordinaire has decreed that altcoin season is “not even remotely close” ๐Ÿšซ. And why, you ask? Well, it’s all because of that pesky Bitcoin dominance, darling ๐Ÿ’ช. It’s still far too high, and until it crashes, those altcoins are doomed to languish in obscurity ๐Ÿ’”.

Now, I know what you’re thinking: “But what about the 2% drop in Bitcoin dominance? Doesn’t that mean anything?” ๐Ÿค”. Well, let me tell you, sweetie, it’s just a drop in the ocean ๐ŸŒŸ. The dominance is still trading inside that channel, and if it increases from here, it’s curtains for those altcoins ๐Ÿšซ.

And don’t even get me started on the numbers, darling ๐Ÿ“Š. The Bitcoin dominance is still above 65%, which is simply too high for altcoin season to begin ๐Ÿšซ. I mean, remember the last time it was this high? Ah yes, 2021, before it crashed and ushered in the altcoin season ๐Ÿ“†. But until it falls to around 40%, those altcoins are stuck in limbo ๐Ÿ”ฎ.

And what about Ethereum, you ask? ๐Ÿค”. Well, darling, its dominance has dropped to a paltry 8%, a 5-year low ๐Ÿ“‰. It’s simply not enough to pull the altcoin market up with it ๐Ÿคฆโ€โ™€๏ธ.

Now, I know some of you are thinking, “But what about the altcoin dominance, excluding Ethereum?” ๐Ÿค”. Well, let me tell you, sweetie, it’s dropped to 26%, a level not seen since 2021 ๐Ÿ“†. But, alas, it’s not enough to signal the start of altcoin season ๐Ÿšซ.

So, there you have it, darlings ๐Ÿค—. Altcoin season is still a distant dream, and until that Bitcoin dominance crashes, it’s just a pipe dream ๐Ÿ’ญ. But don’t worry, I’m sure it’ll happen eventually… or maybe not ๐Ÿ˜.

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2025-07-04 13:36