What is Bitcoin Dominance? (Are We In Altseason?)
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Bitcoin dominance faces resistance at sixty percent
“There is strong, strong resistance at 60%. You can see right here, we are knocking all against it. And I can throw down a horizontal line. So we can see a little more clearly, couldn't pass this range. And so there's a decent odds that we will reject from this range. You see, we try to pass it there.”
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The Others chart accurately predicts altcoin seasons
“To me, that's the others chart. This looks at every crypto except the top 10. In my opinion, Bitcoin dominance is slowly getting skewed. It's becoming less and less accurate. The reason why, USDC, USDT. You do the others chart, it excludes USDC and USDT because it has everything outside of the top 10. This to me is a better bellwether for altcoins.”
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Bitcoin bottoms occur 22 months after ATH break
“This historical metric looks at a previous all-time high. When it breaks the previous all-time high, how long does it take us to hit a low? And so this is the Pico bottom right here. And you can see we broke it right there. You can, you know, maybe a wick there, but basically 22 months later, 22 months later, that was a low.”
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Clarity Act momentum benefits DeFi over Bitcoin
“If we pass the Clarity Act, it's bullish for all of crypto, but it's more bullish for DeFi and alt coins than it is for Bitcoin. And Senator Tom Tillis says we could solve some of the disputes this week. So non-zero-percent chance, Clarity Act is going to get some serious momentum. That is going to be not great for Bitcoin dominance.”
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Lower interest rates trigger major altcoin pumps
“Another reason we might see dominance tick higher, high federal rates. We might see high Fed rates. A lot of prediction markets are saying, you know, that the Fed is going to increase rates. Not typically good for altcoins. Typically, you know, you want to be a little bit less risky in that environment. However, the but, but Trump wants lower rates.”