A widely followed crypto analyst is identifying what needs to happen for the next altcoin season to ignite.
In a new thread, crypto strategist Rekt Capital tells his 543,1000 followers on the social media platform X that altcoin season will start once Bitcoin’s (BTC) Dominance level, or its percentage of the total market capitalization of the sector, starts to fall.
According to the trader, the crypto king’s dominance level should start dropping sometime next year after it reaches 71%, though no specific date was mentioned.
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“‘Will there ever be another Altseason?’ Yes, the next time BTC Dominance collapses, which is likely going to start from ~71%.”
Source: Rekt Capital/X
Rekt Capital goes on to note that Bitcoin dominance levels have drastically changed compared to the
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