Bitcoin's Dominance Shifts: Altseason or Bull Run Next?

The crypto markets are abuzz with speculation about the next big move: a Bitcoin bull run or an Altseason. As the Bitcoin price remains range-bound, its dominance and hash rate have shown significant shifts, raising questions about the direction of the market.

Historically, liquidity has flowed from Bitcoin to Ethereum and other altcoins, but this pattern has changed in 2025. While Ethereum's price is stuck in a range, other altcoins have gained momentum, and Bitcoin has formed a new all-time high. This shift has led some to question whether an Altseason is influenced by Ethereum's price rally and why whales are constantly accumulating ETH.

The Altseason typically has three criteria: a drop in Bitcoin dominance, a strong Ethereum price rally, and a rebound in the altcoin market cap. Additionally, whale accumulation can significantly impact market trends. Currently, Bitcoin's dominance is rising and testing crucial resistance levels, suggesting that a new all-time high for Bitcoin could be imminent before an Altseason begins.

The total market capitalization of altcoins, excluding Bitcoin, has reached a crucial juncture. While the rally has followed a pattern and flashed signals of an Altseason, the levels have failed to breach previous highs, indicating a diverse price action. However, whale accumulation of both ETH and BTC suggests that a significant price shift may be on the horizon.

The Altcoin Season Index, a metric used to measure altcoin performance and gauge market trends, currently indicates a 'Neutral Phase.' This phase suggests that Bitcoin and altcoins are performing similarly, and the market trend remains uncertain. As we await further developments, investors and traders alike are eagerly anticipating the next big move in the crypto markets.