Key Catalysts for Altcoin Season Identified by Glassnode Co-Founders
- Altcoin season may start if Bitcoin’s dominance decreases and its price stabilizes above $100,000.
- In February 2021, a similar scenario initiated an altcoin season.
- Current Bitcoin dominance is above 58%, with prices holding strong over $100,000.
- The rise in Bitcoin’s dominance and price has delayed the onset of altcoin season.
- Bitcoin’s current trading price is approximately $106,419, showing a slight increase recently.
Glassnode co-founders suggest that for an altcoin season to commence, Bitcoin must maintain a stable price above $100,000 while its market dominance declines. Currently, Bitcoin’s strong performance has postponed this shift.
Source (2.6)https://dailyhodl.com/2025/01/24/here-are-two-factors-that-must-align-for-altcoin-season-to-kick-off-according-to-glassnode-co-founders/?rand=59076
