The big players are definitely focusing on Bitcoin, especially with those ETF investments coming in. But don’t forget, during a bull run, FOMO kicks in hard and that’s when altcoins get their time to shine. Even though the market has matured a bit, there will always be people looking to play and make quick gains with altcoins.
As long as there are altcoins out there, even those without any real purpose like meme coins, and exchanges give them big trading volumes, you can expect pumps during the altcoin season. Usually, when Bitcoin hits a new ATH, that’s the signal for some to start spreading their investments into riskier assets. That would happen if It’s we are still following the same cycle.
There is no need to doubt it anymore because it has happened and is happening. Although not all altcoins are growing, many altcoins, especially old altcoins like XRP, ATOm, ADA...are increasing rapidly in price in recent days. That shows the altcoin season has begun.
BTC.dom just dropped slightly from 60% to 57% and many altcoins have increased x2, x3 and think what will happen if BTC.dom drops below 40%? I believe history will repeat itself with the altcoin market, there will be many altcoins increasing x10, x20 even x100 like previous bull cycles.
You are right, while many people are still waiting for bitcoin to hit $100k, I have seen many people selling their bitcoin and moving some to altcoins. That shows that altcoins will always have a place in the market and remain an attractive segment as long as human greed exists.