Is altseason really starting or just another short pump?

[Arenga pinnata]

Lately many alts have started moving again after BTC slowed down near resistance. Some people are already calling it the start of altseason, but honestly I’m still not fully convinced yet. BTC dominance is still holding pretty strong, and in previous cycles we also saw many short alt pumps before liquidity moved back into Bitcoin again. At the same time, TOTAL2 is looking much better compared to the last few weeks. Bigger alts are slowly getting volume again and market sentiment also feels more positive now.

For me, real altseason starts when mid and low caps can actually hold gains instead of pumping hard for 1 or 2 days and then dumping everything back.

Right now it feels more like early rotation than full altseason.

What do you guys think?
Are we finally entering altseason or is this just temporary hype again?

I don’t think we’ve even reached the threshold of altseason yet. Just a few days ago, we actually saw several altcoins in fact, quite a few hit all-time lows. Even a fairly well-known AI coin like WLD hit an all-time low a few days ago. And I still haven’t seen a significant influx of traders into altcoins. Instead, I still see traders waiting for the right moment to re-enter Bitcoin after it failed to break through the nearest support level. So I think we’ll actually see Bitcoin rise again. And after that, perhaps around July or September, we might see altseason return, though it might only be brief, just like last year.

[maydna]

If Bitcoin still sideways like now, the altcoin will stay at their position and the waiting time will be long than we can predict. But if you check on the other market such as Dex, some tokens can go up but that will not easy to finds out.

But I believes the moment for altcoin will comes whether that happens this year or next year. Perhaps the investors focus still on Bitcoin although they already invested in some altcoin secretly so we don't have to worry and follow them to invest if they want.

[GreatArkansas]

I'm not convinced about altseason, especially now that Bitcoin is pumping and just breached the $80,000 level recently.

The first thing I always check is the Bitcoin Dominance every time I want to check about "altcoin season" so for me, I do not agree at all that we will see any altcoin season in the near future, I'm still expecting Bitcoin will pump more and these altcoins will experience more bloody times.

[taufik123]

Right now I dont seen any price movement with these alts right now still the market price of the alts follows with the bitcoin so if ever there is another ffluctuation of the market price still the alts will go through but lets observe for a while such as wait for a couple of months or weeks before we can confirmed that the alts are moving because me even right now they are just consolidating, now if there i some breaking of trend line possible it could change my mind.

Especially now that the price of Bitcoin is really shaken, forced to continue to fall and is currently at the price of $77++ and was previously also lower.
If this situation continues to happen, Altcoins will be greatly affected, especially since Bitcoin's dominance is still quite high in the 60% area, so more liquidity is gathering in Bitcoin.

I expect altcoins to consolidate well before Bitcoin increases in price as well, so the recovery will run quickly.

[sergiorus]

I'm not convinced about altseason, especially now that Bitcoin is pumping and just breached the $80,000 level recently.

The first thing I always check is the Bitcoin Dominance every time I want to check about "altcoin season" so for me, I do not agree at all that we will see any altcoin season in the near future, I'm still expecting Bitcoin will pump more and these altcoins will experience more bloody times.

The upside structure is basically broken and looks very fragile.
73% target is nonsensical as it leaves only 27% to the rest of assets, and just stablecoins already account for 13% of the market.
with wrapped/restaked tokens and RWAs the number is of course higher.

Down only.

[Shinpako09]

Nah, as we can see, the price dropped again. We’ve already seen this happen a couple of times. Btc pumps above $80k and alts follow, but btc can’t sustain it for long and eventually fall back below $80k again and alts follow again. During the early months of this year, I was still hoping there would be an alt season, but now I’ve just accepted that there probably won’t be one. If there is, then good, but if there isn’t, that’s still fine. After all, I already consider us to be in a bear market and have accepted that we probably won’t see a long rally anytime soon. There’s just not much hype around altcoins right now.

[Iranus]

I'm not convinced about altseason, especially now that Bitcoin is pumping and just breached the $80,000 level recently.

The first thing I always check is the Bitcoin Dominance every time I want to check about "altcoin season" so for me, I do not agree at all that we will see any altcoin season in the near future, I'm still expecting Bitcoin will pump more and these altcoins will experience more bloody times.

I agree with you that there will no longer be altcoin season like before, where almost all altcoins pump at the same time. But I do not agree with the prediction that Bitcoin dominance will rise to 73% and that all altcoin will completely lose their chance to grow.

Whether you admit it or not, Bitcoin will not be the only asset to grow and generate profit in the market. It is not a coincidence that ETH, SOL, and XRP have received ETF approvals, while many other altcoin may soon follow. Or Clarity Act will also be passed soon, paving the way for the development of the altcoin market.

Altcoin season has not disappeared completely. It is simply evolving and adapting to the maturation of the market. And Bitcoin's dominance will continue to decline over time.

[AmoreJaz]

Nah, as we can see, the price dropped again. We’ve already seen this happen a couple of times. Btc pumps above $80k and alts follow, but btc can’t sustain it for long and eventually fall back below $80k again and alts follow again. During the early months of this year, I was still hoping there would be an alt season, but now I’ve just accepted that there probably won’t be one. If there is, then good, but if there isn’t, that’s still fine. After all, I already consider us to be in a bear market and have accepted that we probably won’t see a long rally anytime soon. There’s just not much hype around altcoins right now.

Well, as we have no upper hand in this market, we are just left speculating as to what may happen in the next coming days. Thus, if you really want to catch the profitable alts, you also need to dedicate your time and resources in this market. It is not an overnight task where you expect to earn huge amount of money just because you learn something in few hours.