Historically, such monetary conditions have been conducive to altcoin appreciation.“The monetary policy shifting in our favor typically also means altcoins do well,” he notes.#6 Bitcoin’s All-Time High Is An Arbitrary Indicator He challenges the idea that Bitcoin reaching an all-time high (ATH) without a concurrent altcoin season signals a permanent decoupling.“BTC being at ATH is an arbitrary gauge to when alt season begins and the fact that it reached ATH but altcoin season hasn’t begun yet is, in my opinion, not valid to call it canceled,” Astronomer argues.
Believing that Bitcoin dominance will continue to rise unchecked is essentially betting against established cyclical patterns, according to the analyst.#3 The Grand Crypto Rotation “The ‘first Grand Altcoin rotation’ generally happens once per cycle: around Q4 in year 3 of the cycle and is again playing out like clockwork so far,” Astronomer states.
In the last year of that cycle, the dynamics shifted: “ETH has put in a 10x, and LINK has only gained another 3x or so.” Related Reading: Crypto Guru Warns: Only 6 Years Left To Make As Much Money As Possible’ #4 Overrated Impact Of Bitcoin ETF Addressing the notion that the approval of a Bitcoin ETF has fundamentally altered market dynamics, Astronomer is skeptical.“The BTC ETF narrative to cancel alt season is way overrated,” he argues.
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