Bitcoin Dominance Crack: Alt Season Brewing or False Dawn?
🔥 Dominance dipping below 55% while alts hold firmer on dips—feels like that familiar inflection we've debated for months. BTC grinding $88k with retail outflows, yet ETH yields surging and SOL bouncing? I took profits on BTC longs mid-January, rotated into alt yield plays watching this exact shift. Been here before: 2021's dominance crash ignited alt mania. Is history rhyming, or just a headfake in macro winter?
Charts across top 10 reveal the divergence. BTC dominance chart on TradingView showing clean breakdown from ascending wedge, volume confirming the move lower. Alts like ETH, SOL, AVAX posting relative gains—pair charts basing with higher lows. BTC spot volumes thinned, but alt perpetuals seeing funding build. Classic rotation setup.
On-chain cross-currents: BTC long-term holders unmoved, corporates accumulating; alts seeing developer activity spikes, TVL shifts from BTC-centric to multi-chain. News flow mixed—Clarity delays hurting uniform adoption, but favoring decentralized narratives.
Sentiment split on X: bearish BTC threads versus alt optimism clusters. Risks: macro crush resets everything. Rewards: asymmetric if rotation sustains.
Forward: watch dominance retest, confirmation above/below decides flow.
Adding alts on dominance weakness, or holding BTC core? Seeing real alt season signals yet? Favorite relative play in top 10? Positioning for macro pivot impact?