Bitcoin drawdowns (in a bull market) are different than Bitcoin dominance drawdowns. Sometimes they are the same when Bitcoin has corrections, sideways and give time and opportunities for altcoins to have mini altcoin season.

Q3 and Q4 2024 are times like this for mini altcoin seasons but months later, Bitcoin is going to retests its ATH while most of altcoins are 50% or bigger % down from their peaks in Q3 and Q4 2024.

It's Bitcoin drawdowns
https://studio.glassnode.com/workbench/bf532ce2-a66b-4798-6deb-bf3ba7decc59

Are we in a new era?
Somewhat I think so because altcoins are too easily created by scammers and those scam projects add overwhelming new choices and a lot of market caps. That means if cryptocurrency market lacks of enough new capital in, most of altcoins will not rise even in bullish months of the market. This market cycle is different than past cycles when there is higher percent of failed altcoins in bull run.

Bitcoin dominance as projected on CMC is 63% and I don't think it has gone down significantly. Price of Bitcoin is near 96k$ and it is also very much bullish as compared to it's price in Start of April 2025. We are expecting that price of Bitcoin will once again cross 100k in current bull run. Given the circumstances I am of the view that Bitcoin won't give space to alts to dominate the market. For now we can assume that alts are tied with Bitcoin price and will go up only if Bitcoin goes up.

Alts only rise when Bitcoin is also doing well, I have observed in the past. So as of right now, it is possible we will see an uptrend for some altcoins. Especially Ethereum. WTF has been going on there for the past few months? If I had large cash to spare, I'd invest in Ethereum.

I am not sure if this is the start of altcoin season. It is because many altcoins is down while some of them are still stand at their price. Maybe altcoin still waiting for Bitcoin reach $109k first and then altcoin will take the domination and increase the price. We can see many speculation about altcoin season while we don't know for sure.

We can only wait and prepare the altcoin that may increase. We dont know which altcoin that will increase although you can stick to the top 10-25 coins lists. But you need to stay aware because sometimes, altcoin that is not in the top can push the position to the top 25 coin lists.

Anything can happen in the crypto so there is no other way except prepare for anything that will come. We need to be careful to decide especially if that is about buying altcoin.

in january bitcoins peak was $106.5k and today its $96k which is a 10% drop

however
sol->btc was 0.00252 and is now 0.00152, which is a 40% drop converting to bitcoin
sol->USD was $261 and is now $145, which is a 45% drop converting to USD

so on what measure are you saying that bitcoin dropped alot and solana only dropped a little

if you bought 1btc in january for $106.5k. and just held as btc and sold today its only a 10% loss
however if you converted it straight to sol(396) in january. and then sold that back to bitcoin today. (0.6btc $57k) 50%+ loss in $$

how has bitcoin lost its dominance when its shown that it was safer to hoard btc not sol

I don't want to disappoint you but I think you should forget about altcoin season, things have changed in this cycle. Unlike previous cycles, money will flow from bitcoin to altcoins after bitcoin peaks. In this cycle, with the entry of bitcoin ETFs, all the attention is on bitcoin, the money is concentrated and revolves around bitcoin and bitcoin only. That is why the bitcoin bull season has started since early 2024 until now but most altcoins are very gloomy and even continuously dumped while bitcoin is still rising.

We need to accept reality and face the fact that things have changed, altcoin season is not coming and this is the cycle of bitcoin.

Yeah, there was a drop of Bitcoin Dominance indicator in the last few days: from 64.9% to 64.7% (according to this TradingView page, some other portals may slightly differ or not show any drop at all).

But at the start of April, dominance was actually below 63% according to the same source.

I believe there are currently no indicators of an altcoin season. However, I disagree with others that there will be no altcoin season in the coming months.

Usually the strongest altcoin season is located at the end of a Bitcoin bull market. The mechanism is quite easy to understand: When fear about a potential BTC crash increases, people seek to squeeze out the last bit of profit from the crypto market as long as they can moving into even more riskier assets - which are altcoins. This can and will very likely happen to a certain extent.

I believe however that the altcoin season will be weaker than in 2021 (and MUCH weaker than in 2018), and in fact I expect the Bitcoin dominance to stay firmly above 50% or even 55% for the next few years. The main reason is that Ethereum has become weaker in the past years. And in addition there are no new altcoins really having exploded in this cycle as much as in previous cycles. Yes, we had Solana and XRP bull markets but these coins were already around and relatively strong in the last cycle. The most significant "new" coins are TON and Sui but they have less than 0.5% of the "dominance" share each, so they can't move the indicator much.

It looks like the altcoin fad is coming to an end slowly. Some projects of course will remain strong but there are strong signs of a slow but steady market shakeout. Most altcoins only exist because some people thought they are a "better Bitcoin".  But in fact all of them are bound by the same limitations, people are starting to recognize this and use alts only to gamble.

It will happen, but we don't know when - usually it goes after BTC goes for an ATH and alts take the lead with such an event, but for now, there is no certainty in when exactly BTC would make its move too - after all, with it, we shouldn't worry about waiting a bit longer for some action.

You are right because we even don't know when altcoin season come. So with careful to decide and always analyze before decide will help us to know what exactly happen to the market. We can just make a prediction what will happen but we don't know for the right thing that happen later.

Yeah, I even don't know when altcoin season come. And to be honest, with so many altcoin in the market make me confuse to choose which altcoin will start the rally. But I've got feeling that this altcoin season may explode because so many potential altcoin can take their position.

So carefully and prepare ourselves will be the best thing that we can do.

I was thinking about the altseason. When it will happen