Bitcoin’s Latest Surge Signals Altcoin Season Is Here—Time to Ride the Wave
Bitcoin’s dominance metric just flashed a bullish signal for altcoins—and traders are piling in like Wall Street bankers at a taxpayer-funded buffet.
Key indicators show capital rotating into Ethereum, Solana, and other major altcoins as BTC cools off from its recent ATH. This isn’t just retail FOMO—institutional money is now chasing the bigger risk/reward plays.
History says this rotation could last weeks... or collapse tomorrow. But for now, the altcoin pumps are printing life-changing gains—and reminding us why crypto moves faster than your average hedge fund’s exit strategy.
A Reclaim with Historical Weight
Bitcoin Dominance isn’t just a percentage; it’s a pulse check on investor sentiment. When it rises, capital flows into BTC at the expense of altcoins, often indicating a “risk-off” approach or a bet on the flagship cryptocurrency as the market’s SAFE haven.
Rekt Capital’s analysis suggested that reclaiming 64% as support could mirror historical patterns where dominance climbed above 70%, a level last seen during Bitcoin’s 2021 bull run. “The road to 71% continues on successful retest of 64%,” the crypto investor stated.
Previously, in March and April, he outlined how BTC Dominance initially faced stiff resistance NEAR its November 2024 highs before managing a breakthrough in late April. The successful retest of those levels into early May now marks the “final leg” of Bitcoin’s primacy, which, in the past, was followed by a sharp decline.
“Bitcoin Dominance is now in the process of positioning itself for what will most likely be its final leg in its Macro Uptrend before a major collapse,” stated the analyst.
Altcoin Season Incoming?
The expected reversal often triggers what the crypto community calls an “altcoin season.” During such periods, the rest of the digital asset market tends to outperform BTC, drawing significant investor interest.
At the time of writing, the king cryptocurrency’s share of the market stood at 63.8%, a heartbeat away from 64%. And if Rekt Capital’s prediction holds, then we could see a move to 71% within weeks, potentially setting the stage for a market rotation. ‘It is the Final Countdown,” the analyst wrote.
Bitcoin’s price has been on a sharp rebound since April when it dipped below $75,000. It is currently changing hands at $96,873, up a modest 0.6% in 24 hours and 3.2% over the past week, amid a wave of whale buying.
But not everyone is holding. As reported earlier, miners have offloaded nearly $850 million worth of BTC as they try to deal with post-halving revenue pressures.
