As Bitcoin consolidates above $100K, a shift in market dynamics is signaling that the next explosive phase may not belong to BTC — but to altcoins. Analysts now warn that altseason could ignite in early June, potentially draining part of Bitcoin’s $2 trillion market cap and redistributing liquidity toward lower-cap crypto assets.
According to multiple metrics and on-chain indicators, the groundwork for this transition is already being laid. From Bitcoin dominance dropping to new local lows to increased volume in mid-cap tokens, the signs are becoming harder to ignore.
Let’s explore the data fueling this bullish altcoin narrative.
Bitcoin Dominance Drops Sharply — A Classic Altseason Trigger
One of the clearest signals of an approaching altcoin season is a significant drop in Bitcoin’s dominance. As of May 15, BTC’s dominance fell below 63%, marking a reversal after weeks of steady gains.
Source: Tradingview
Historically, a decline in Bitcoin dominance signals that traders are rotating profits into more speculative assets, often seeking 3–10x gains from smaller tokens. This shift typically precedes sharp rallies in coins like Solana, XRP, Litecoin, and newer presale gems.
Altcoin Season Index Surges Toward Threshold
Supporting this narrative is the Altcoin Season Index, which now sits at 22, just shy of the critical threshold of 25 that historically marks the start of full-blown altseason.
Source: Blockchaincenter
For context, an index score above 75 means we are fully in altcoin season. But the lead-up — from 25 to 75 — tends to see explosive growth in smaller tokens as traders front-run the trend.
South Korea and Retail Hype Fueling Momentum
Volume data from South Korean exchanges like Upbit and Bithumb suggest an uptick in retail interest, especially in XRP, DOGE, and AI-themed tokens. This regional activity has often been a precursor to global altcoin bull runs in past cycles.
Final Thoughts
While Bitcoin remains king, the market appears to be preparing for a rotation into altcoins, with early June likely acting as the inflection point. If dominance continues to fall and retail inflows accelerate, we could witness one of the biggest altcoin rallies since 2021.
Crypto Alert: Altseason May Be Closer Than You Think.
