Bitcoin dominance slips below 60%, hinting at potential altcoin season
- —BTC dominance dropped to 58.5% after failing to hold above 60%
- —Glassnode's Altcoin Cycle Signal reached 81.25 out of 100
- —Altcoin market cap climbed 33% since mid-August to $1.17–1.19 trillion
- —Altcoin Season Index remains neutral at 45–53, below the 75 threshold
Why it matters: A drop below 60% dominance has historically preceded altcoin rallies, but Bitcoin ETF inflows may cap how much capital rotates into altcoins.
Source: Crypto Briefing