Since November 2024, a red monthly candlestick of BTC dominance came out again.
November 2024, when I saw the red monthly candlestick of BTC dominance chart, I thought the third altseason started 😂 Unfortunately, it wasn't. Most long-term altcoin investors had to suffer a tough time again. Me too.
I still have the same view. I think the third altseason will end this October. Even if it is delayed, it will finish within this Q4.
The main reason why I think the 3rd altseason will come out is.. when it comes to utilities, the crypto industry has been more diversified and developed well than in 2021 and 2017.
In my personal opinion, I expect that this cycle's ATL(All Time Low) of BTC dominance is around 40%. If the monetary policies and the crypto regulatory environments are changed, it would likely collapse more, which means extremely bullish.
When retail investors are getting greedy and crazy, I'm going to sell in tranches like 2021. Then, I won't invest cryptos before BTC on-chain data records a next ATL. I won't make a mistake again like 2022.