BTC dominance just peaked at 61% on February 24 and started rolling over

Last time that happened was November 2020. What came after that was the most explosive altcoin season in crypto history. ETH did 5x. SOL did 100x. The whole market went crazy for months

Now the altcoin season index is sitting at 18. That's deep bitcoin season territory. Only 8% of altcoins are trading above their 50 day moving average right now. Basically everything is bleeding against BTC

But here's what i keep thinking about. This is exactly how it looked before every previous altcoin season. Not during it. Before it

The cycle always goes the same way. BTC leads the rally first. Dominance peaks. Then ETH follows. Then capital rotates into large cap alts. Then mid caps. Then everything

We're at the BTC dominance peak phase right now. Or at least really close to it

Altcoin season index needs to break above 75 to confirm rotation. We're at 18. Long way to go. But the setup is forming quietly while everyone is still in fear mode

The people who positioned in altcoins during maximum fear in 2020 didn't regret it either

Still watching. Not calling anything. But that 61% dominance rollover is the first real signal i've seen in months 👀

#CelebratingNewYearOnGateSquare #Altcoin