Are Altcoins Coming Back? Why 'bitcoin Season' Has Staying Power In...

Crypto traders and several metrics suggest that an altcoin season is nowhere to be seen as institutions help Bitcoin strengthen its grip on the market.

Most altcoins are currently displaying bearish patterns that suggest “altcoin season” is not coming, according to numerous analysts, as Bitcoin dominance begins to rise again.

The Supertrend indicator flashes “sell,” which previously led to a 66% drop in the altcoin total market cap.

Rising BTC dominance and a low altcoin season index show no signs of reversal.

The ongoing sell-off in altcoins is reflected by the correction in TOTAL2 — the total market cap of all cryptocurrencies excluding Bitcoin (BTC) — that began on Oct. 10.

Data from TradingView shows that TOTAL2 has decreased by 32% to $1.19 trillion in December from its all-time high of $1.77 trillion reached on Oct. 10.

This drop has seen TOTAL2 lose above key support levels, including the 50-week exponential moving average (EMA) currently at $1.3 trillion, as shown in the chart below.

Related: Crypto altseason unlikely in 2026 as ‘blue-chip survivors’ to win out: Analyst

The SuperTrend indicator also flashed a bearish signal when it reversed from red to green and moved above the price in mid-November.

This indicator overlays the chart while tracking TOTAL2’s trend, like the moving averages. It incorporates the average true range in its calculations, which helps traders identify market trends.

Source: CoinTelegraph