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Altcoin Season Delayed? Bitcoin's dominance holds back the upward momentum
The sentiment surrounding the odds of the Altcoin season has decreased more than ever, as the market is falling amid rising geopolitical tensions and market participants on this issue are clearly worried. Some damaging headlines have caused a backlash, especially in the altcoin sector. While top cryptocurrencies like Bitcoin and Ethereum are experiencing increased sell pressure in the short term, as capital flows seek safety elsewhere. When people are in panic, recently, an expert, Mister Crypto, made a reassuring statement on X that the altseason has not been canceled, but the fact is it has been delayed. He optimistically mentioned that once it begins, holders of potential altcoins will surely become wealthy. People agreed with the expert's post and added that the longer it lasts, the more intense the breakthrough will be. Bitcoin is the reason why the Altcoin season may be delayed. Mr. Mister Crypto stated that global liquidity is booming and the price of Bitcoin seems to be rising accordingly. Meanwhile, BTC continues to be of interest to institutions, and public companies with Bitcoin on their balance sheets have increased 2.3 times since 2024. According to the Blockware chart, this number has increased by more than 150 times. Along with that was the success of spot Bitcoin ETFs and the interest of retailers, which helped capital focus on BTC, preventing it from moving to other altcoins. One reason is that the "Altcoin Season Index" is low, indicating the "Bitcoin Season". In addition, the stable stance of the FOMC in maintaining interest rates has also limited the flow of money into riskier alternative cryptocurrencies, contributing to this delay. Similarly, MAX crypto, when observing the increase in the M2 money supply chart, predicted that $150,000 could be achieved under improved geopolitical conditions, which will certainly further increase its dominance. Similarly, the passage of the GENIUS stablecoin act from the Senate is truly beneficial for the entire cryptocurrency market, but it is more advantageous for BTC. This act is increasing confidence and will facilitate new institutions to participate by legalizing stablecoin. This causes institutional capital and trust to pour into Bitcoin first as it is the most liquid and stable crypto asset Furthermore, this concentration of new money in BTC, combined with several other factors mentioned, could contribute to maintaining Bitcoin's dominance, thus delaying the widespread capital circulation needed to promote the altcoin spreading season.