Altcoin Season May Continue as Bitcoin Dominance Drops and Ethereum Outperforms Bitcoin

Key Points

1. Altcoin investors who started buying in June are seeing profits, with the altcoin market cap (TOTAL2) rising by 44% since Glassnode’s Altcoin Season Indicator fired on July 9.

2. The Altcoin Season Index, currently at 49, suggests investors should take profits when it reaches 70 to 100 points.

3. Analysts like Peter Brandt and Greeny believe the altcoin market cap (TOTAL3) is forming a 'Cup and Handle' pattern, potentially targeting $2 trillion.

4. Bitcoin dominance (BTC.D) dropped from 65.5% to 61% in July, the largest monthly decline since November 2024, with further altcoin season continuation expected if BTC.D falls to 48%-50%.

5. Investors are advised to monitor the Altcoin Season Index, TOTAL3 patterns, and capital flow phases to optimize exit timing and navigate the current crypto cycle.