{"id":45851,"date":"2025-01-25T00:04:31","date_gmt":"2025-01-25T00:04:31","guid":{"rendered":"https:\/\/peraltafinancing.com\/altcoin\/here-are-two-factors-that-must-align-for-altcoin-season-to-kick-off-according-to-glassnode-co-founders\/"},"modified":"2025-01-25T00:04:31","modified_gmt":"2025-01-25T00:04:31","slug":"here-are-two-factors-that-must-align-for-altcoin-season-to-kick-off-according-to-glassnode-co-founders","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=45851","title":{"rendered":"Here Are Two Factors That Must Align for Altcoin Season To Kick Off, According to Glassnode Co-Founders"},"content":{"rendered":"


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The co-founders of market intelligence platform Glassnode are identifying two catalysts that need to line up for altcoin season to officially kick off.<\/p>\n

In a new thread<\/a> on the social media platform X, Glassnode and Swissblock co-founders Jan Happel and Yann Alleman \u2013 who together share the handle Negentropic \u2013 say that based on historical precedent, altcoin season could start if Bitcoin\u2019s (BTC<\/a>) dominance levels start to fell and its price stabilizes above $100,000.<\/p>\n

\u201cFlashback to February 2021. In the last cycle, February kicked off altcoin season. Could it happen again? Two key factors must align: 1) Bitcoin dominance must decline. 2) Bitcoin must hold a stable price above $100,000. The scenario seems to be shaping up \u2013 will history repeat itself?\u201d<\/em><\/p>\n

\"GiEGefYXkAAU-H8\"
Source: Negentropic\/X<\/figcaption><\/figure>\n

However, the duo goes on to note<\/a> that the top crypto asset by market cap\u2019s recent rise in dominance and price has delayed altcoin season.<\/p>\n

\u201cDominance: 58%+. Price: Holding strong above $100,000. Fundamental news has supercharged this Bitcoin-focused market, delaying an altcoin season for now. Altcoins? We\u2019ll have to wait a bit longer\u2026 but the clues are starting to appear.\u201d<\/em><\/p>\n

\"GiDYk62WEAAKSz8\"
Source: Negentropic\/X<\/figcaption><\/figure>\n

Earlier this week, Happel and Alleman said<\/a> that BTC appears ready to break out based on the Bitcoin Fundamental Index (BFI), which evaluates several aspects of the Bitcoin market, including wallet activity and transaction volume.<\/p>\n

At the time, they predicted that the crypto king was en route to a $110,000 price tag but would first meet resistance around $106,000.<\/p>\n

Bitcoin is trading for $106,419 at time of writing, a marginal increase during the last 24 hours.<\/p>\n

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