How High Bitcoin Dominance Can Spark a Major Altseason

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As Bitcoin’s dominance continues to increase, Rekt Capital says it increases the chances of a strong altseason occurring.

Based on past market data, the altcoin season starts when Bitcoin’s dominance begins to drop. This shows that crypto traders have begun withdrawing their capital from BTC and investing in other digital assets.

The past few months have seen investors anticipate a significant decline in Bitcoin’s dominance to signal the onset of the next altseason; however, the opposite has been the case – the metric has been on the rise. In an interesting turn of events, pseudonymous market analyst Rekt Capital has explained how a higher Bitcoin dominance increases the chances of a strong altseason.

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