With the talk around altcoin season fading, many traders are wondering if the altcoin season has come to an end. But according to analyst Virtual Bacon, it’s not over yet, in fact, it might just be entering its strongest phase.
With Bitcoin dominance still below 62% and the Federal Reserve signaling a liquidity shift, Bacon believes conditions are turning bullish for altcoins once again.
Here’s why he believes so?
Bitcoin Dominance Still in a Downtrend
At present, Bitcoin’s dominance sits around 60.21%, which means Bitcoin represents that share of the total crypto market cap. Although it’s recovering slightly, Virtual Bacon points out that it’s still below the 50-week simple moving average and remains in a weekly downtrend.
He believes Bitcoin dominance just needs to stay under 62% for altcoins to continue performing well. He explained that the idea of Bitcoin dominance shooting back to 65% is “unrealistic” given the current setup.
With 2025 now mirroring past cycles, many believe the next wave of altcoin growth could already be building.
Where Alts Stand Now?
Despite optimistic signals, many altcoins haven’t yet delivered the key breakout. According to the Altcoin Season Index, altcoins are still a long way from full season mode, current levels show only about 41, whereas true altseason typically begins above 75/100.
This suggests the stage is set, but momentum hasn’t fully flipped yet.
