Has the altcoin season already ended in 2024? Analyst: BTC dominance needs to reach 71% to return again.

Famous analyst Rekt Capital tweeted last night that the recent altcoin season has ended by the end of 2024, and it will not return until BTC dominance rises to 71%. (Previous summary: Altcoin crash, Ethereum erases half a year’s rise, XRP plunges 40% in a day, SOL falls below $180, 710,000 people get liquidated with a loss of over $200 million) (Background: What insights does the performance of altcoins in previous bull markets bring us?) This week, Trump triggered a tariff war that bloodied the cryptocurrency market, and altcoins crashed across the board on Monday, causing BTC dominance (BTC Dominance) to temporarily rise to 64.3%, the highest level in nearly four years, and currently oscillating above 61.3%. BTC dominance (BTC.D) is the ratio of BTC’s market cap to the entire cryptocurrency market, and it is an important indicator for analyzing the altcoin season. Source: Trading View Analysis: Altcoin season ended by the end of 2024 Relative to altcoins, BTC performed relatively strongly this week in the face of overall economic uncertainty, which has attracted more attention to the prospects of the altcoin season. According to Cointelegraph, famous trader and analyst Rekt Capital tweeted on the 5th that the recent altcoin season ended by the end of 2024. He believes that BTC dominance falling below 55% in early December is a clear sign of the end of the altcoin season that we saw by the end of 2024.