Opinion: BTC's market dominance rebounds strongly, causing altcoins to bleed; as long as BTC remains the "safest" asset, altcoin season will not arrive.
According to Odaily, crypto data analyst CyrilXBT posted on X that BTC.D (BTC dominance) has strongly rebounded from its support level, which is the reason for the underperformance of the altcoin market. As long as BTC dominance remains high, altcoins will continue to bleed. Currently, every BTC pullback leads to funds continuing to flow into BTC rather than altcoins. Only when BTC is no longer the safest trading asset will the altcoin season begin, and at present, the altcoin season is not yet approaching.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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