Analysts Suggest Altcoin Season May Be Starting as Bitcoin Dominance Shows Prolonged Weakness

Jakarta, Pintu News – Recent volatility in Bitcoin’s dominance could be a signal that altcoin season will arrive sooner than many traders expect, according to a crypto analyst.

Analyst: Bitcoin Price Movement Manipulated

“The reason why altcoin price action is worth believing is because the BTC dominance chart shows a bearish trend and has looked that way for several weeks,” crypto analyst Matthew Hyland said in a post on X on Friday.

Read also: 3 Altcoins Poised to Hit New All-Time Highs — Even as the Crypto Market Crashes

“This downtrend is likely to continue; therefore, this recovery rally is just a temporary bounce in the downtrend,” he continued.

In a separate video on Saturday, Hyland stated that Bitcoin’s recent price volatility may have been engineered by traditional financial institutions.

“Over the past month, I’ve been pretty consistent in believing that most of this movement is actually manipulation, basically to position Wall Street,” he claims.

Bitcoin’s dominance drops 5% since May

Bitcoin dominance, which measures Bitcoin’s overall market share, has fallen by 5.13% in the past six months and stands at 59.90% at the time of this article’s publication, according to data from TradingView.

On November 4, Bitcoin’s price fell below the $100,000 level for the first time in four months, sparking broader market concerns about the asset’s future direction.

Currently, Bitcoin is trading at around $102,090, based on CoinMarketCap data.

Although Matthew Hyland predicts the altcoin market may soon experience increased momentum, a number of other indicators still point to Bitcoin dominating the market.

CoinMarketCap’s Altcoin Season Index currently stands at 28 out of 100, indicating that the market is still in the “Bitcoin Season” phase.

Read also: 3 Altcoins at Risk of a Major Liquidation Wave in Early November 2025

Altcoin Season May Be Different from Previous Cycles

The upcoming altcoin season is expected to be different from previous cycles. The last time the Altcoin Season indicator showed an active signal was on October 8, just days after Bitcoin hit a new record high of $125,100, when traders seemed to anticipate a shift of capital to higher risk assets.

However, the indicator quickly returned to defensive mode after the market crash on October 10, which saw around $19 billion of leveraged positions wiped out from the crypto market.

Some crypto executives predict that the next altcoin season will be more selective and concentrated compared to previous market cycles.

Maen Ftouni, CEO of CoinQuant-a developer of algorithmic trading tools-recently stated that older cryptocurrencies that already have ETFs or are expected to get them will absorb most of the capital flow during the next altcoin season.

“Not all coins will make big gains; liquidity will be concentrated in certain areas, including older cryptocurrencies, of course,” Ftouni said.

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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. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Cointelegraph. Altcoin season signals hide in ‘many weeks’ of bearish BTC dominance: Analyst. Accessed on November 10, 2025