Key Takeaways:
Bitcoin dominance is on a downward spiral, and altcoins are on a triumphant rise – could this be the dawn of altseason?
The USDT stablecoin might be on the brink of its lowest point since 2022, signaling a capital exodus into Bitcoin and its rowdy cousins (a.k.a altcoins).
Ah, the sweet smell of an altseason in the air. The cryptocurrency market is currently showing signs of an exciting period where altcoins will outshine Bitcoin (BTC) in every way. All the charts seem to whisper, “May 2025, your time has come,” as capital floods into anything but Bitcoin.
Behold, the TOTAL2 chart, the one that represents the market capitalization of everything but Bitcoin (so all the little guys), has just broken above a downtrend that’s been haunting it since January 2025. This is not your ordinary breakout; it’s a bullish break of structure (BOS) that has all the hallmarks of a market shift. So, brace yourselves, for higher lows and higher highs are just around the corner, darling.
Picture this: A move above the $1.25 trillion resistance line could turn into an unstoppable uptrend. The flow of capital is clearly making its way from Bitcoin and into the arms of our beloved altcoins.
And then, the BTC Dominance (BTC.D) chart—now there’s a chart that screams “I’m peaking!” The past six days saw a 4% drop in Bitcoin’s dominance, marking its steepest decline since November 2024. When this happens, it’s usually a sign that people are tossing their BTC into the altcoin market, setting the stage for some serious price surges. Altcoins, get ready to flex!
Altcoins, it’s your time to shine!
“Strong bearish divergence on the weekly timeframe, indicating that the #Bitcoin dominance has peaked. The end of the bear market for #Altcoins.”
USDT Dominance: Is it on its way to the basement?
The tether (USDT) dominance chart has fallen to its lowest point since February, sitting at a charming 4.59% on May 13. If you glance at the chart, you’ll notice it may find support around 3.90%, but let’s face it, this could just be the beginning of a freefall. A bearish breakout might plunge USDT dominance to levels last seen in 2021, right when altseason was wreaking havoc. Oh, the memories!
As USDT dominance wanes, capital is being poured into the likes of Bitcoin and altcoins. Just look at Ether (ETH), XRP (XRP), and Solana (SOL) – they’ve gained 44.3%, 20.6%, and 22% respectively, while Bitcoin has limped along with a modest 10% rise. Poor Bitcoin. It’s been the star of the show for so long, but it’s getting upstaged now.
To add some spice to this already hot market, crypto trader ZERO IKA points out that many altcoins have already broken above their February and March highs. However, and here’s the kicker, most altcoins are still sitting 70% to 90% below their all-time highs, offering us the kind of recovery opportunity that only comes once in a while. Don’t say I didn’t warn you!
As stablecoin dominance wanes and Bitcoin dominance continues its slow descent into irrelevance, altcoins are making their move. Keep an eye on the key trends, my dear friends—altseason could be right around the corner, ready to shake up the market in all its chaotic glory.
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2025-05-13 22:40