Don't rush to call it "altcoin season" yet! This chart shows the real picture.



Yellow = BTC price, green = total cryptocurrency market cap, thin lines = market caps of the top 10/50/100 altcoins.
The core of this rally is BTC dominance—the green line basically follows the yellow one, with only brief windows where altcoins have a pulse, after which small-cap coins drop even harder (classic bull market risk-off: funds flow back to BTC + a few strong coins).

A true altcoin season requires 3 signals:

1. BTC cools off and moves sideways

2. Total market cap breaks previous highs + forms higher lows

3. The top 50/100 altcoin lines curve upwards (capital rotates downward)

Until then, there are only local narrative-driven opportunities, and most altcoins will only fluctuate or drop relative to BTC—this isn't the "everything pumps" of 2021. BTC is still in the driver's seat; only carefully selected altcoins have a chance.
BTC2.39%
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