Bitcoin Dominance Drops Below 60%, Altcoin Season is about to Begin?
Jakarta, Pintu News – Bitcoin’s price drop from $126,000 to $89,000 has shocked the entire crypto market. In addition, Bitcoin’s market dominance, which has now fallen below 60%, has put more pressure on other cryptocurrencies.
Although many traders are starting to worry, veteran trader Michael van de Poppe actually sees the positive side of this situation. According to him, Bitcoin’s current pattern of dominance is very similar to the conditions in 2019 – just before altcoins experienced a massive rally.
Is this the start of a new altcoin season?
Bitcoin Dominance Shows a Pattern That Has Been There Before
According to the weekly Bitcoin dominance chart shared by Michael van de Poppe, the market is currently showing patterns that visually reflect the mood of investors.
Read also: Will Bitcoin Surge to $200,000? Here’s Arthur Hayes’ Bold Prediction!
The chart shows that Bitcoin’s dominance is now following a very similar pattern to 2019-when it touched an important resistance level, failed to break upwards, and then started to decline.
In the weekly chart, Bitcoin dominance appears to be rejected around the 20-week moving average, just as it has in previous cycles.
Van de Poppe explains that such rejections often occur near the market bottom, rather than at the top. Historically, moments like this have been the beginning of altcoins starting to outperform Bitcoin.
Historical Patterns Hint at the Start of Altcoin Season
To reinforce his view, Van de Poppe referred to previous cycles – such as 2016-2017, 2019-2020, and 2021 – where the same pattern repeated itself. In each case, Bitcoin started to slow down, its dominance declined, and altcoins started to lead the rally.
His latest chart shows an almost identical pattern, which could be a signal that the market is preparing for a similar shift-with altcoins most likely taking center stage again.
Read also: Prediction vs Reality: Where Will the Crypto and Bitcoin Market Go by the End of 2025?
Adding to this positive outlook, crypto analyst Matthew Hyland also noted that Bitcoin’s dominance continues to weaken. He argues that this decline could pave the way for a strong altcoin season in the near future.
According to Hyland, after almost four years of waiting, this could be the moment where mid- and small-cap altcoins start to dominate the market.
Bitcoin Social Activity Hits a 4-Month High
Interestingly, amidst the price drop and dominance, Bitcoin social activity has surged to its highest level in four months. This spike usually occurs when retail traders panic and flood social media with emotional reactions and fear.
Such conditions often arise at market turning points-when sentiment is extremely negative, but the market is quietly gearing up for a recovery.
FAQ
What is Bitcoin domination?
Bitcoin dominance refers to the percentage of total crypto market capitalization held by Bitcoin.
Why is Bitcoin’s decline in dominance important?
Bitcoin’s decline in dominance is often seen as an indicator that investors are starting to look at altcoins, which could trigger the so-called “altcoin season”.
Who is Michael van de Poppe?
Michael van de Poppe is a veteran analyst and trader in the crypto market, who frequently provides analysis and predictions on various crypto assets.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Coinpedia. Bitcoin Dominance Crashes Below 60% – Altcoin Season Coming. Accessed on November 19, 2025
