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In recent days, I’ve been carefully monitoring Bitcoin’s market share, and it is currently at 55.92%. This level makes me think it could be the right time for altcoin dominance to start rising. Usually, when BTC has such high dominance, a turning point forms for altcoin dominance.
Altcoins have been under pressure for a long time, but in cycles like this, there is always a rebound. Bitcoin being in such a strong position may actually be a sign that the altcoin market is about to revive. It seems reasonable to expect altcoin dominance to move upward.
If BTC dominance stays at this level or begins to decline, ideal conditions could form for the start of an altcoin season. It looks like a period worth watching right now.