🚀 Altcoin Season Inbound: Bitcoin Dominance Tumbles Toward 60% – Time to Rotate?

Bitcoin’s iron grip is slipping—and altcoins are poised to pounce. With BTC dominance crashing toward 60%, the crypto market’s underdogs are sniffing blood in the water.

### The Great Rotation Begins

Money’s flooding into ETH, SOL, and meme coins faster than a VC dumping tokens on retail. Traders are ditching ‘digital gold’ for higher beta plays—because who needs store-of-value when you’ve got 100x leverage?

### Wall Street’s Worst Nightmare

DeFi protocols are eating traditional finance’s lunch while BTC maximalists cope. The real twist? This altseason’s fueled by institutional FOMO—the same suits who called crypto a scam in 2020.

Bottom line: When Bitcoin stumbles, the alts run. Just don’t tell the ‘number go up’ crowd their safe haven’s looking shaky. *Cue hedge fund managers suddenly ‘discovering’ yield farming.*

MACD Crossover Says Altcoin Season Is Coming

In an X post, the crypto analyst identified the emergence of a major MACD crossover that had preceded previous altcoin seasons. This MACD crossover was seen back in 2017 before the altcoin market took off. Then again, the MACD crossover appeared back in 2020, right before the altcoin market began its legendary rally that led into the 2021 bull season.

The most recent iterations of this major MACD crossover that led to an altcoin season were back at the beginning of 2024. When this metric crossed over from the negative into the positive, it signaled that the altcoin market was ready to take off, triggering an ethereum price rally and then pushing the altcoin market altogether.

Once again, there has been a bullish crossover on the MACD, moving from the negative into the positive territory in the month of July. If historical performance is anything to go by, then this could mean the start of another ‘vertical expansion’. In this case, the altcoin market could balloon quickly and begin a fresh new bull rally.

Merlijn outlines in the chart shared that every market bottom has hit the trendline, which has now been completed. In the same vein, every breakout has begun with the MACD crossover, and this time is expected to be the same.

Bitcoin Dominance Crashes Again

As things like the trendline marking the bottom and the MACD crossover take hold, there is also the bullish development that is the bitcoin dominance crashing again toward 60%. The dominance has remained above 60% for five months straight, suggesting that this is the level to beat for the altcoin season to begin.

In the month of July, altcoin bulls have tried to retest this level twice now without success. However, if the current trend continues, then it could see the Bitcoin dominance break below 60% for the first time since February 2025.

The Altcoin Season Index has also been on the rise, moving up to 44, according to data from CoinMarketCap. This means that 44 of the top 100 altcoins are now outperforming the Bitcoin price in the last 90 days. If this index is able to rise to 75, then it would mean that the altcoin season has officially begun.