Emre Yumlu 
Excitement in the crypto market is reaching new heights. While Bitcoin continues to break fresh all-time highs (ATH) for several consecutive days, altcoins are also on fire. However, a key metric — Bitcoin Dominance — remains surprisingly stable, raising interesting questions about what might come next.
“Bitcoin Dominance Hasn’t Even Sneezed!”
Renowned crypto analyst Matthew Hyland summed up the current dynamic with a bold statement on X (formerly Twitter):
“BTC dominance hasn’t even sneezed and alts are ripping. What do you think happens if it drops from 65 to 45?”
As of the time of writing, Bitcoin Dominance stands at 64.46%, down only 1.5% over the past week. Yet despite this minimal drop, altcoins have posted impressive gains — suggesting that investor interest is rapidly expanding beyond Bitcoin.
Bitcoin Dominance
Are We at the Start of Altcoin Season?
Historically, a noticeable decline in BTC dominance has been used as a signal for the start of an altcoin season — a period where altcoins significantly outperform Bitcoin and take a larger share of the market.
But this time might be different. Altcoins are already seeing major rallies, even as dominance barely dips. This could suggest that fresh capital is flowing into the broader crypto ecosystem, fueling gains across multiple assets simultaneously.
Here are some eye-catching performances from the past 7 days:
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MemeCore (M) skyrocketed by 1,263%, topping the gainers’ list.
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Mog Coin surged 75%.
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Stellar (XLM) jumped over 67%.
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Meanwhile, Ethereum (ETH) rose 17.68%, signaling shifting investor focus toward altcoins and away from Bitcoin dominance.
“Prepare for the Final Easy Altcoins Bull Run”
Adding to the bullish sentiment, Michael van de Poppe, founder of MN Trading Capital, posted on X:
“I assume that we’re about to witness the final easy and biggest bull ever on Altcoins.”
His perspective aligns with data from Santiment, an on-chain analytics platform, which confirmed that the altcoin season has indeed started. According to Santiment:
“As long as Bitcoin holds above the key psychological support around $110,000, traders are likely to continue rotating profits into altcoins.”
So, What Comes Next? Bitcoin Season or Altcoin Explosion?
Despite the ongoing altcoin rally, the Altcoin Season Index from CoinMarketCap still indicates that we’re in a “Bitcoin Season” — currently scoring 29 out of 100.
However, if Bitcoin Dominance begins to fall significantly from its current levels, analysts believe we could see an even more aggressive surge across altcoins in the coming days and weeks.
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