The Crypto Shake-Up: Is Altseason Finally Here? Prepare for Chaos!

by

Well, well, well, look who’s back to causing a stir in the crypto world! Raoul Pal, the market guru (and probably the only person who *really* understands what’s happening in crypto), just called attention to a rare signal flashing on the Bitcoin dominance chart. Yes, the same chart that makes every crypto enthusiast clutch their pearls every time it twitches. But wait—this time, we’re talking about something BIG. Altseason, anyone? 🤑

Raoul Pal Says Bitcoin Dominance Has Reached Its Peak (But Who’s Surprised?)

In a recent X post (aka Twitter, because we’re trying to be cool), Raoul Pal boldly declared that Bitcoin dominance has hit its max. He pointed out that there are daily, weekly, and monthly DeMark tops in place. Translation: the top is higher than the 2021 top (which, let’s be honest, was already very 2021) and definitely above the 2017 top (which we all know was the *real* glory days of crypto).

But don’t get too comfortable with Bitcoin sitting at the top of the throne. Oh no, Raoul says this marks the start of what he calls the “Banana Zone”—yes, you heard that right. And if you’re wondering, the Banana Zone = altseason, where coins that aren’t Bitcoin come to party while Bitcoin is in its awkward correction phase. 🥳

Raoul’s not the only one calling it. In fact, during his Dubai appearance at Sui Basecamp (because of course, they’re doing crypto things in Dubai), he mentioned that there’s *actual* data suggesting altseason is on the horizon. It’s like he can see the future. Or maybe he’s just been staring at charts for too long. Either way, he’s convinced that this is the start of something major.

Meanwhile, crypto analyst Rekt Capital had this to say about Bitcoin’s current dominance: it’s dropping, and it’s testing the 64% support level like a student cramming for finals. History (or, you know, chart history) suggests that the more volatile the retest, the better the altcoin season window. Buckle up! 🎢

Get Ready for a Mega Dump: Altseason Is Coming, Whether You Like It or Not

Hold onto your digital wallets, folks, because Egrag Crypto (another analyst with a crystal ball, I guess) has predicted that Bitcoin dominance is about to experience a “mega drop.” That’s right, the “greatest drop” in Bitcoin dominance EVER. That’s one way to make your portfolio sweat. But don’t worry, it’s all part of the plan. This massive drop will supposedly usher in the altseason, where the *real* profits will be made. (Fingers crossed, am I right?)

And if you think that’s the only signal that altseason is approaching, think again. Crypto analyst Teddy—aka the party planner of the crypto world—said that altcoin season is *definitely* near. In an X post (yes, again), Teddy pointed out that the altcoin market cap hasn’t looked this optimistic in months. In short, the party’s about to start, and you’re definitely invited. 🥳

Of course, we can’t talk about altseason without mentioning Ethereum. ETH, the cool kid on the blockchain, has been on a tear lately, and it’s only adding fuel to the altcoin fire. Rekt Capital, the ever-vigilant analyst, noted that Ethereum’s dominance has climbed by over 2% since hitting new all-time lows last month. Remember when ETH looked like it was ready to call it quits? Yeah, not anymore.

Rekt also pointed out that Ethereum’s dominance has pulled off the same moves it made back in September 2019 (talk about a throwback). But for an even bigger move? ETH’s dominance needs to break past 9.05%. Basically, Ethereum has big plans. And if it pulls it off? Well, then we’re talking about the next level of crypto dominance.

Read More

2025-05-10 01:26