Recent trends in the cryptocurrency market and capital rotation suggest that conditions for significant daily gains of 40% are beginning to resurface.
Current Market Conditions and Trends
Bitcoin is currently trading around $104,000 after topping $111,970. With dominance slipping from 65% to 62%, capital is clearly starting to flow toward alternative assets—a classic altseason indicator. Trading volumes across altcoins are increasing.
Analyst Optimism and Historical Context
Analyst CryptoJack emphasizes that the delay of altseason is not a cancellation. "Altseason is delayed, not cancelled. Daily 40% gains will come back," he asserts. His optimism is grounded in historical cycles, which often see altcoins soar after periods of Bitcoin consolidation.
Future Growth Prospects for Altcoins
Ethereum's outperformance in May, gaining 47% compared to Bitcoin's 9%, shows that altcoins can thrive when Bitcoin cools off. Analysts are closely watching for further declines in BTC dominance below the 54% mark, often a signal that altcoin rallies are about to take off. Macroeconomic factors like possible Fed rate cuts could accelerate risk-on behavior in crypto.
With on-chain trends, technical setups, and historical precedents aligning, the groundwork for altseason gains appears to be in place—making a return of massive daily rallies more a matter of when, not if.
