XRP, DOGE, Solana poised to go ballistic.
The recent drop in Bitcoin dominance is pointing towards a major altseason, according to one popular analyst. This could be a major development for crypto traders, as both Bitcoin and altcoins are currently reeling from sustained attacks by bearish forces that have resulted in the overall digital currency market losing more than $1 trillion in valuation since the start of October.
Falling Bitcoin Dominance to Trigger Major Altseason?
Merlijn the Trader, a popular crypto analyst on X (formerly Twitter), argues for a major altcoin boom following a Bitcoin dominance peak during this cycle. He tweeted:
“BITCOIN DOMINANCE: THE CRASH SIGNAL IS BACK.
2017: Dominance topped. Altseason. Rugpull
2021: Same setup. Same result
2025: History repeats?
This signal has never missed.
BTC.D peaks. Alts explode. Then the floor disappears.
The clock is ticking.
Don’t get trapped”
According to this analyst, Bitcoin dominance peaked above 65% earlier this year and has been sliding ever since. It is trading just south of the 60% share at press time. According to the analyst, the only outcome of this major development is a full-blown altseason, followed by a major rug pull that will bring altcoins crashing down.
Historical confirms this developing pattern: BTC.D fell from 65% to 35% in early 2018 after the 2017 peak, and from 70% to 40% in mid-2021, enabling altseason gains of 10x+ before 80%+ drawdowns in alt markets. The 80%+ loss doesn’t scare altcoin investors because they have been down this road before and are prepared to deal with it.
Traders Keep Their Fingers Crossed
Altcoin holders are optimistic about a possible altseason because it will open up the market considerably and pour a lot of capital into the system. Currently, the larger crypto market, especially the altcoin scene, is quite dead and trending largely downward. There are growing fears that we won’t see a major altcoin boom this time around, which could end the 4-year crypto cycle as we know it.
