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MrRUHUL
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ALTCOINS MAY HAVE ALREADY BOTTOMED AGAINST BITCOIN.
Altcoins might have already hit their bottom against Bitcoin.
It’s been over a year of pain for altcoins—prices dropping, charts looking terrible, and just about everyone feeling hopeless. But something’s shifting under the surface.
Take a look at the Others Dominance chart. It tracks how altcoins stack up against Bitcoin, and for the first time in a while, it’s showing early signs of life.
Here’s what’s going on:
Others dominance has climbed back to where it was before that big crash on October 10th. Meanwhile, Bitcoin is still stuck, trading 42% below its highs from that same period.
So, even though BTC looks weak, altcoins are quietly stabilizing and even gaining ground. When you see this kind of split, it usually means sellers are running out of steam.
If altcoins were still getting dumped, that dominance chart would keep falling. But it’s not. It’s up 17% in just the last two months, which tells you the worst of the forced selling might already be over.
We’ve seen this before. Back in 2019-2020, when the Fed cut off QE, Bitcoin kept sliding for months. But the Others dominance chart hit bottom and never looked back, not even during the chaos of March 2020. That kicked off a long altcoin rally.
Now, there are even more bullish signals piling up:
- The RSI for Others dominance just moved above its moving average for the first time since July 2023. That crossover has a history of showing up right before altcoin strength.
- The Russell 2000 just broke out to new highs after lagging behind—small caps like these usually lead the way on liquidity rotations, and altcoins often follow.
- The ISM is at 52, its highest in more than three years. When it crosses 55, high-beta assets like altcoins tend to rip.
- Core inflation just hit a five-year low, which raises the chances of more Fed easing.
- Gold and silver rallies are cooling off, and that usually triggers a shift from hard assets to riskier bets.
So, the market’s basically been reset:
Most altcoins are still down 80–90%. Leverage has been wiped out. Sentiment’s in the gutter. Hardly anyone’s positioned for a move.
Historically, mid-term election years are rough for crypto, so maybe we just chop sideways for a while—possibly until late Q3 or Q4—before things really reverse.#altcoins
It’s been over a year of pain for altcoins—prices dropping, charts looking terrible, and just about everyone feeling hopeless. But something’s shifting under the surface.
Take a look at the Others Dominance chart. It tracks how altcoins stack up against Bitcoin, and for the first time in a while, it’s showing early signs of life.
Here’s what’s going on:
Others dominance has climbed back to where it was before that big crash on October 10th. Meanwhile, Bitcoin is still stuck, trading 42% below its highs from that same period.
So, even though BTC looks weak, altcoins are quietly stabilizing and even gaining ground. When you see this kind of split, it usually means sellers are running out of steam.
If altcoins were still getting dumped, that dominance chart would keep falling. But it’s not. It’s up 17% in just the last two months, which tells you the worst of the forced selling might already be over.
We’ve seen this before. Back in 2019-2020, when the Fed cut off QE, Bitcoin kept sliding for months. But the Others dominance chart hit bottom and never looked back, not even during the chaos of March 2020. That kicked off a long altcoin rally.
Now, there are even more bullish signals piling up:
- The RSI for Others dominance just moved above its moving average for the first time since July 2023. That crossover has a history of showing up right before altcoin strength.
- The Russell 2000 just broke out to new highs after lagging behind—small caps like these usually lead the way on liquidity rotations, and altcoins often follow.
- The ISM is at 52, its highest in more than three years. When it crosses 55, high-beta assets like altcoins tend to rip.
- Core inflation just hit a five-year low, which raises the chances of more Fed easing.
- Gold and silver rallies are cooling off, and that usually triggers a shift from hard assets to riskier bets.
So, the market’s basically been reset:
Most altcoins are still down 80–90%. Leverage has been wiped out. Sentiment’s in the gutter. Hardly anyone’s positioned for a move.
Historically, mid-term election years are rough for crypto, so maybe we just chop sideways for a while—possibly until late Q3 or Q4—before things really reverse.#altcoins
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