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Home Altcoin

Here Are Two Factors That Must Align for Altcoin Season To Kick Off, According to Glassnode Co-Founders

n70products by n70products
January 26, 2025
in Altcoin
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Here Are Two Factors That Must Align for Altcoin Season To Kick Off, According to Glassnode Co-Founders
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The co-founders of market intelligence platform Glassnode are figuring out two catalysts that must line up for altcoin season to formally kick off.

In a brand new thread on the social media platform X, Glassnode and Swissblock co-founders Jan Happel and Yann Alleman – who collectively share the deal with Negentropic – say that primarily based on historic precedent, altcoin season might begin if Bitcoin’s (BTC) dominance ranges begin to fell and its worth stabilizes above $100,000.

“Flashback to February 2021. Within the final cycle, February kicked off altcoin season. Might it occur once more? Two key components should align: 1) Bitcoin dominance should decline. 2) Bitcoin should maintain a secure worth above $100,000. The state of affairs appears to be shaping up – will historical past repeat itself?”

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Supply: Negentropic/X

Nonetheless, the duo goes on to note that the highest crypto asset by market cap’s current rise in dominance and worth has delayed altcoin season.

“Dominance: 58%+. Worth: Holding sturdy above $100,000. Basic information has supercharged this Bitcoin-focused market, delaying an altcoin season for now. Altcoins? We’ll have to attend a bit longer… however the clues are beginning to seem.”

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Supply: Negentropic/X

Earlier this week, Happel and Alleman said that BTC seems prepared to interrupt out primarily based on the Bitcoin Basic Index (BFI), which evaluates a number of elements of the Bitcoin market, together with pockets exercise and transaction quantity.

On the time, they predicted that the crypto king was en path to a $110,000 price ticket however would first meet resistance round $106,000.

Bitcoin is buying and selling for $106,419 at time of writing, a marginal improve over the past 24 hours.

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Tags: AlignAltcoinCoFoundersFactorsGlassnodeKickSeason
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