- A whale dealer projected that the altcoin season momentum could choose up after BTC tops in June.
- BTC dominance was nonetheless cussed after strengthening to just about 64%.
The early Q2 2025 rebound noticed some choose altcoins put up double and triple-digit features as Bitcoin [BTC] climbed from $74K to over $100K.
Now, with BTC printing a brand new excessive above $111K, a renewed and broader altcoin season could also be witnessed quickly, according to famend Hyperliquid whale dealer James Wynn.
“I do suppose as soon as Bitcoin tops round $118k-$122k and we’ll see a cool off and a few sideways motion, after which that is the place issues get actually attention-grabbing. Altcoin season.”
Wynn, who not too long ago opened an $800 million BTC lengthy place on Hyperliquid, expected the crypto asset to hit a high in per week or so.
If validated, then the altcoin season could hit in June.
Assessing altcoin season indicators
A number of early signs pointed to a budding altcoin season, particularly after a slight drop in Tether’s USDT dominance (USDT.D).
This means enhancing liquidity situations as customers cut back USDT holdings for altcoin gems.
Supply: TradingView (USDT dominance vs. Altcoins market cap)
Notably, the above chart confirmed that the April bounce was this cycle’s third altcoin season section, regardless of being comparatively sluggish and focused on choose gems.
In every situation, USDT dominance decline (pink traces) was marked by a run-up (inexperienced arrows) within the altcoin market measurement (TOTAL 3, excluding BTC and ETH).
In Q2 2025 alone, the altcoin market cap added $200 billion after USDT dominance slipped from 6% to 4.3%.
However BTC dominance (BTC.D) strengthened to just about 64% from mid-Might, subjecting the sector to a quick cool-off.
Supply: TradingView (BTC dominance vs. crypto marketcap)
So, the BTC dominance must drop decrease for Wynn’s projection to materialize.
One other barometer, the ETH/BTC ratio, additionally leaned in direction of Wynn’s projection, famous Chris Burniske, crypto VC associate at Placeholder, he said,
“If $ETH retains making strikes in opposition to $BTC, then Alt season might be upon us. Might all of your luggage moon, for a interval.”
The ratio not too long ago jumped 40%, underscoring ETH’s outperformance in opposition to BTC, a bullish cue for altcoins. Any prolonged rally might improve the chances of the anticipated altcoin rally.
Nonetheless, market analyst Crypto Cred warned merchants that not all BTC income might be rotated to altcoins. He urged merchants to focus solely on high gems.
In truth, Solana [SOL] and a number of other different altcoins had been on the verge of clearing the 200-day SMA (Easy Transferring Common), elevating the chances of an additional rally.
That mentioned, the altcoin season index was nonetheless low at 20, underscoring a BTC season on the time of writing.