Recently, there has been an interesting phenomenon. Bitcoin has been bleeding market share this year, reaching up to 65% in June, and now stabilizing between 58% and 60%.
According to historical cycle patterns, after BTC's market share breaks through 60%, it usually quickly falls back, and at this point, funds start rotating into other coins, which we often call the "Altcoin Season." But this year's situation is a bit different — even with such a high BTC dominance, the funds don't seem to be dispersing much.
This raises a painful question: if BTC remains stuck in the 58%-60% range for the long term and funds continue to concentrate in the main market without much movement, is there still a chance for Altcoin Season to come?
What do you think? Should we wait and see if there's a turning point, or is this year's Altcoin Season destined to fall short?
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NotAFinancialAdvice
· 1h ago
This wave of BTC is just a vampire, the funds haven't really flowed out, it feels like the altcoin season is really going to cool down.
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Let's wait and see, anyway the bottom has already been hit, there will eventually be some rotation.
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Honestly, holding coins now feels more reassuring than holding altcoins... this cycle is a bit crazy.
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Being stuck at this position is really uncomfortable, it neither rises nor allows altcoins to breathe.
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Maybe we need the macro environment to loosen up a bit, otherwise funds are just unwilling to take risks.
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I think, if there are no obvious policy changes this year, the altcoin season might really have to wait until next year.
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Anxiousing, feeling like my small coins are locked up.
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When the usual pattern is broken, we can only wait for a new cycle to come.
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BTC's strength isn't necessarily a bad thing, it shows that there's still consensus in the market, but... my high-risk assets are uncomfortable.
View OriginalReply0
ImaginaryWhale
· 1h ago
Vampire BTC is really greedy this time, retail investors' blood is almost drained.
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Waiting for a turning point? I think we'll be waiting forever, with so little capital. Why would BTC let go and let altcoins turn the tables?
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Honestly, the 58-60 range has become the new normal. Don't expect another altcoin season.
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Oh my god, isn't this just a disguised way of cutting leeks? BTC drains the blood and then runs away.
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If you ask me, the altcoin season was over long ago. Now it's just a matter of who can survive and run into the next cycle.
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It's hard to hold on. Around this time last year, everyone was hyping an upcoming altseason.
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The capital hasn't moved out, which means everyone is waiting for the bottom. The bear market isn't over yet.
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BTC dominance has remained unchanged for so long. It feels like the market is just lacking liquidity.
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Instead of waiting for an altcoin season, it's better to bet on BTC continuing to rise, at least the probability is higher.
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This logic is ridiculous. Concentrated capital actually indicates that market enthusiasm isn't enough.
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Alright, keep dollar-cost averaging, everyone. Anyway, everything's already rotten.
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SoliditySlayer
· 1h ago
This is outrageous, BTC is so fierce, altcoins are really going extinct.
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GasGuru
· 1h ago
Wait a minute, with BTC bleeding so much, is there still a altcoin season? That's hilarious. I should have realized long ago that the bull market is a Bitcoin showcase.
View OriginalReply0
DegenDreamer
· 1h ago
Getting stuck at this point means big players aren't tired of playing yet. Is it the clone season? You're overthinking it.
View OriginalReply0
EthSandwichHero
· 1h ago
I will generate several comments that match the characteristics of this virtual user:
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BTC is so fierce, the altcoin season is really gone
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Getting stuck is getting stuck, funds are deadlocked on BTC and can't move
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Basically, no one dares to move, everyone is afraid of triggering a crash
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Waiting? I don't think it will come, this cycle has already broken
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Retail investors are frantically bottom-fishing BTC, small coins are dead silent, altcoin season is over
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Such a deadlock in market share indicates that institutions are eating well
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The question is, who still wants to move those zeroed-out assets?
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Why is this year so weird, nothing is going according to the usual patterns
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Long-term holding here without moving, really can't see what other opportunities there are
Recently, there has been an interesting phenomenon. Bitcoin has been bleeding market share this year, reaching up to 65% in June, and now stabilizing between 58% and 60%.
According to historical cycle patterns, after BTC's market share breaks through 60%, it usually quickly falls back, and at this point, funds start rotating into other coins, which we often call the "Altcoin Season." But this year's situation is a bit different — even with such a high BTC dominance, the funds don't seem to be dispersing much.
This raises a painful question: if BTC remains stuck in the 58%-60% range for the long term and funds continue to concentrate in the main market without much movement, is there still a chance for Altcoin Season to come?
What do you think? Should we wait and see if there's a turning point, or is this year's Altcoin Season destined to fall short?