Altcoin Market Breakout Imminent: Bitcoin Dominance Weakening and Technical Indicators Aligning

The global crypto market has recovered to $4 trillion, with total market capitalization showing signs of revival. The altcoin market has endured a long bear cycle, but current technical indicators display similarities to late 2019 and early 2020, suggesting a potential reversal. On-chain data reinforces this perspective, with the monthly market cap structure for altcoins remaining intact. The weakening of Bitcoin dominance further supports the conditions for a new Altseason cycle, potentially triggering a massive rotation of liquidity from Bitcoin into altcoins.