Most altcoins show bearish patterns, indicating no “altcoin season” as Bitcoin dominance rises. The Supertrend indicator signals a sell, leading to a 66% drop in altcoin market cap. The ongoing sell-off in altcoins reflects in a 32% decrease in TOTAL2 from $1.77 trillion to $1.19 trillion. Altcoins stay in a downtrend as TOTAL2 consolidates within an ascending triangle.

Bitcoin’s dominance in the crypto market tightens in 2025, limiting altcoin performance. Bitcoin dominance, currently at 59.27%, has been on an upward trend since dropping to 57% in September. The shift towards Bitcoin is driven by institutional adoption post-approval of Bitcoin ETFs. Institutions view altcoins as riskier and less liquid, preferring Bitcoin.

Key indicators suggest no imminent altcoin season. Capriole Investments’ Altcoin Speculation Index shows only 21% of top altcoins outperforming BTC. Crypto Market Breadth indicates only 8% of altcoins trade above their 50-day moving average. CoinMarketCap’s Altcoin Season Index scores 18 out of 100, leaning towards a Bitcoin-dominated market.

Read more at Cointelegraph: Here is Why Analysts say the Altseason is Not Coming Back