Bitcoin's been flexing lately, huh? Dominance reaching record highs we haven’t seen since early 2021 – over 64.94% as of May 2nd, 2025. That's significant. Bitcoin's price ripping from $85K to almost $98K in a blink certainly got everyone's attention. But before you head off to fantasize about Dogecoin Lambos, let’s pump the breaks. Time to cut the nonsense on this “altcoin season” nonsense.
Altcoin Season: Fact or Fiction?
Everyone's screaming about altseason this, altseason that. Analysts are literally falling over each other to forecast the next major altcoin breakout. Periodically Michaël van de Poppe is attempting at keeping the index of low altcoin season. He further points out the fragility in the Fear & Greed Index. Ak47 is hyping potential Altcoin ETFs. Crypto Tamil sees bearish divergences. Okay, cool. Here's the thing: hype doesn't equal profit.
Let's look at the data. Bitcoin dominance has been increasing steadily since the end of December 2024—up more than 13%! That’s a big move, because it means that money is going into Bitcoin instead of altcoins. Yes, the RSI is hollering “overbought” – reaching an all-time record of 72.22. A pullback is likely. So does a Bitcoin correction always mean that altcoins will be in the money?
Think of it like this: Bitcoin is the established tech giant, the Apple or Microsoft of crypto. Altcoins Altcoins… Altcoins are those new startups, the next big thing…right? When the market becomes skittish, investors flock in search of safe harbor. To be fair, when isn’t the crypto market skittish? To us, it’s because they want the stability that comes with Bitcoin.
Think about the stock market during a recession. Do investors suddenly pile into penny stocks? No, they just as often rotate into what are called blue-chip companies, meaning the assets they think are safe and stable.
Ak47 is talking about altcoin ETFs as the great new hope. In the background, Bloomberg Intelligence is showing some pretty appealing approval odds: 90% for Litecoin and Solana, and 85% for XRP! Sounds amazing, right?
ETF Approval = Guaranteed Gains?
Approval doesn’t mean adoption, and adoption doesn’t guarantee profits. Remember the Bitcoin ETF approval frenzy? Did it magically make everyone rich overnight? No. It offered legitimacy and paved the way to institutional investment, but it failed to remove risk from the equation.
Emotional Trigger: Anxiety/Fear. When combined with the fear of missing out (FOMO), another potent bad drug in crypto, people start making decisions they normally wouldn’t. So don’t let the promise of ETF-fueled gains get you to ignore the risks.
While we’re optimistic on ETF approval odds and even bullishly agnostic, with each of these altcoins come different potential risks. Altering regulatory burdens can pose major political hurdles. Even with the ETF status, performance continues to be affected by technological vulnerabilities and varying adoption rates.
All in all, the real question isn’t necessarily “Will altseason happen?” but rather “What am I comfortable losing?” For bullish Bitcoin dominance momentum to continue, it needs to push through the 65% resistance level. If it does pull back to support levels between 59%, 55%, or as low as 48%, does this mean altcoins will automatically pump? No. It doesn’t mean a ton of money will actually start flowing into them.
Instead of blindly following the altcoin season narrative, consider reverse engineering your investment strategy. If you think a Bitcoin correction is coming soon make your move TODAY before it’s too late! Watch for altcoins with solid fundamentals, vibrant development teams, and genuine use cases. Don't just chase whatever's pumping on Twitter.
| Altcoin | ETF Approval Odds (Bloomberg) |
|---|---|
| Litecoin | 90% |
| Solana | 90% |
| XRP | 85% |
| Dogecoin | 80% |
| Hedera | 80% |
| Polkadot | 75% |
| Cardano | 75% |
| Avalanche | 75% |
Do your own research. Look beyond the hype. Know the tech, the people behind it, and the tokenomics. And of course, know thyself—be very clear about your own risk tolerance.
What's Your Risk Tolerance?
Can you stomach the risk of losing a large part of your investment? If not, perhaps pursuing the next altcoin moonshot isn’t the optimal approach.
Identity and Social Currency: Sharing this article signals that you value informed decision-making over blind faith. It demonstrates that you’re not simply a lemming going along with the crowd.
Bitcoin’s dominance is a formidable opponent. Don’t let the siren song of instant altcoin fortune distract you from what’s important. Stay informed, stay cautious, and remember: in crypto, nothing is guaranteed.
Are you comfortable potentially losing a significant portion of your investment? If not, maybe chasing the next altcoin moonshot isn't the best strategy.
Identity and Social Currency: Sharing this article signals that you value informed decision-making over blind faith. It shows you're not just another sheep following the herd.
Bitcoin's dominance is a force to be reckoned with. Don't let the allure of quick altcoin riches cloud your judgment. Stay informed, stay cautious, and remember: in crypto, nothing is guaranteed.
