{"id":1552,"date":"2026-06-20T22:57:59","date_gmt":"2026-06-20T22:57:59","guid":{"rendered":"https:\/\/xrpfaucet.site\/?p=1552"},"modified":"2026-06-20T22:57:59","modified_gmt":"2026-06-20T22:57:59","slug":"bitcoins-pivots-in-the-altcoin-market-are-collapsing-alt-season-delayed","status":"publish","type":"post","link":"https:\/\/xrpfaucet.site\/?p=1552","title":{"rendered":"Bitcoin&#8217;s Pivots in the Altcoin Market Are Collapsing: Alt Season Delayed?"},"content":{"rendered":"<p><\/p>\n<div data-testid=\"post__body\">\n<p>Cryptocurrency traders are no longer using their Bitcoin (BTC) earnings to buy altcoins as they did in previous bull cycles, raising questions about whether the broad &#8220;<a href=\"https:\/\/cointelegraph.com\/markets\/altcoin-quietly-starting-analysts-spot-three-bullish-indicators\" target=\"_blank\">high season<\/a>\u00bb may return.<\/p>\n<p><strong>Main conclusions:<\/strong><\/p>\n<ul class=\"list-bullet\">\n<li class=\"\" style=\"\" value=\"1\">Bitcoin-to-altcoin rotation trend has collapsed to weakest level since 2021.<\/li>\n<li class=\"\" style=\"\" value=\"2\">Altcoin capital is increasingly concentrated in fewer projects, which delays the altseason.<\/li>\n<\/ul>\n<h2>Bitcoin-to-altcoin rotation trend &#8216;mostly gone&#8217;<\/h2>\n<p>According to Ki Yong-joo, CEO of CryptoQuant, the old alt-season trade no longer works the way it did in previous boom cycles.<\/p>\n<p>In a <a href=\"https:\/\/x.com\/ki_young_ju\/status\/2068159219451539812\" rel=\"nofollow noopener\" target=\"_blank\">Saturday fast<\/a>Zhu said that the bitcoin-to-altcoin rotation trend has &#8220;largely disappeared,&#8221; citing data from CryptoQuant showing that the BTC pair&#8217;s altcoin trading volume has fallen to its lowest level since 2021.<\/p>\n<figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/hloqx2nakaaozd6.jpeg\" width=\"896\" height=\"504\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/hloqx2nakaaozd6.jpeg\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<p style=\"text-align: center;\"><em>Aggregate altcoin trading volume for BTC price pairs. Source: CryptoQuant<\/em><\/p>\n<p>The metric excludes major altcoins such as Ether (ETH), XRP (XRP), BNB (BNB), and Solana (SOL), focusing instead on mid- and smaller-cap altcoins that trade against bitcoin on centralized exchanges.<\/p>\n<p>Simply put, it shows whether traders are using BTC to buy smaller altcoins.<\/p>\n<p>That stream increased in 2017 and 2021, helping push the records into the postseason. But Yang Joo&#8217;s chart shows that BTC pair altcoin volume remains close to post-2021 lows, suggesting that Bitcoin is no longer the primary source of liquidity for altcoin speculation.<\/p>\n<p>&#8220;The era of pumping alternatives just because BTC pumping may end,&#8221; said Young Joo.<\/p>\n<h2><strong>Altcoin capital is now concentrated in fewer tokens<\/strong><\/h2>\n<p>The broader altcoin market has become more concentrated, with the exception of stablecoins.<\/p>\n<p>As of Saturday, the crypto market, excluding bitcoin and stablecoins, was worth roughly $600 billion. The top 10 non-stablecoin altcoins accounted for about $483 billion of that total, or about 80.5%.<\/p>\n<figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/total2es2026-06-2018-37-28.png\" width=\"896\" height=\"541\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/total2es2026-06-2018-37-28.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<p style=\"text-align: center;\"><em>GENERAL crypto market excluding Bitcoin and all stablecoins. Source: <\/em><a href=\"https:\/\/www.tradingview.com\/symbols\/TOTAL2ES\/?exchange=CRYPTOCAP\" rel=\"nofollow noopener\" target=\"_blank\"><em>TradingView<\/em><\/a><\/p>\n<p>The number of large-cap altcoins has also fallen sharply since the last bull cycle. <\/p>\n<p>According to CoinMarketCap, approximately 106 altcoins had a market valuation of more than $1 billion in 2021 <a href=\"https:\/\/coinmarketcap.com\/historical\/20211108\/https:\/\/\" rel=\"nofollow noopener\" target=\"_blank\">historical picture<\/a>. This number <a href=\"https:\/\/coinmarketcap.com\/historical\/20260619\/\" rel=\"nofollow noopener\" target=\"_blank\">fell down<\/a> to about 50 in June 2026.<\/p>\n<p>This echoes Yang Joo&#8217;s argument that capital is no longer distributed across the altcoin market the way it was in 2021. The market hasn&#8217;t disappeared, but it consists of fewer major altcoins.<\/p>\n<p>In a separate thread, Young Ju <a href=\"https:\/\/x.com\/ki_young_ju\/status\/2067034613097324786\" rel=\"nofollow noopener\" target=\"_blank\">said<\/a> that &#8220;narrative-only altcoins&#8221; are losing relevance as the market matures.<\/p>\n<figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/screenshot-2026-06-20-at-202459.png\" width=\"896\" height=\"921\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/screenshot-2026-06-20-at-202459.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<p style=\"text-align: center;\"><em>Source: X\/Ki Young Ju<\/em><\/p>\n<p>Young Joo said that hype alone is no longer enough. Stronger areas, he added, are related to real business, profitable DeFi, <a href=\"https:\/\/cointelegraph.com\/news\/tradfi-advisors-want-stablecoins-tokenization-over-bitcoin-bitwise\" target=\"_blank\">stablecoins<\/a>, <a href=\"https:\/\/cointelegraph.com\/news\/tokenization-push-defi-assets-trillion-2030-standard-chartered\" target=\"_blank\">real world tokenized assets<\/a>and <a href=\"https:\/\/cointelegraph.com\/learn\/ai-agents-crypto-wallets\" target=\"_blank\">Agents of artificial intelligence<\/a>.<\/p>\n<p>This suggests that the next cycle of altcoins may be less about a market-wide spin and more about finding tokens that can find applications and users in the aforementioned industries.<\/p>\n<h2>BTC&#8217;s rebound in dominance may have &#8220;postponed&#8221; a second season<\/h2>\n<p>Crypto market dominance Bitcoin (BTC.D) is also showing early signs of a rebound, which could delay the broader altcoin rally.<\/p>\n<p>The BTC.D metric bounced off its 100-week exponential moving average (100-week EMA, purple) and the lower uptrend line, both aligned at 58.75%. <\/p>\n<figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/btcd2026-06-2020-45-43.png\" width=\"896\" height=\"541\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/btcd2026-06-2020-45-43.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<p style=\"text-align: center;\"><em>BTC.D Weekly Performance Chart. Source: TradingView<\/em><\/p>\n<p>It could rise to the upper trend line of the channel around 60% if the momentum holds.<\/p>\n<p>A move to 60% would mean that Bitcoin is gaining market share compared to the rest of crypto. From a market perspective, this suggests that capital may continue to flow from altcoins back into BTC, limiting the chances of an upcoming altseason.<\/p>\n<p>Rekt Capital analyst <a href=\"https:\/\/x.com\/rektcapital\/status\/1974487333744288120\" rel=\"nofollow noopener\" target=\"_blank\">general<\/a> a similar view that points to a bullish divergence of bitcoin dominance, indicating that the &#8220;alt season is on hold.&#8221;<\/p>\n<figure><img alt=\"\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/g2bjuyowmamyx37.jpeg\" width=\"896\" height=\"617\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/g2bjuyowmamyx37.jpeg\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<p style=\"text-align: center;\"><em>BTC.D Weekly Performance Chart. Source: TradingView\/Rekt Capital<\/em><\/p>\n<p>A bullish divergence is formed when a metric makes lower lows and its RSI makes higher lows. This often signals weakening downward momentum and a potential rebound.<\/p>\n<p><em><strong>On the topic: <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/markets\/altcoins-witness-266b-in-selling-at-5-year-high-is-capital-leaving-crypto\" target=\"_blank\"><em><strong>Altcoin Sales Surpass $266 Billion As Capital Drains Crypto: Alt Season Dead?<\/strong><\/em><\/a><\/p>\n<p>However, Rekt Capital said Bitcoin&#8217;s dominance may be limited because the metric has already lost its macro uptrend. He said the current bounce could act as a relief rally after the breakdown before further declines.<\/p>\n<p>Bitcoin Dominance could drop to its 200-week EMA at 57% if Rekt Capital&#8217;s bearish scenario materializes.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency traders are no longer using their Bitcoin (BTC) earnings to buy altcoins as they did in previous bull cycles, raising questions about whether the broad &#8220;high season\u00bb may return. Main conclusions: Bitcoin-to-altcoin rotation trend has collapsed to weakest level since 2021. Altcoin capital is increasingly concentrated in fewer projects, which delays the altseason. Bitcoin-to-altcoin &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-1552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/1552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1552"}],"version-history":[{"count":0,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/1552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/media\/1553"}],"wp:attachment":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}