The long-awaited “altcoin season” may be closer than most expected. Although the market is not yet fully formed, the altcoin is showing signs of life with a four-day sharp rally that has lifted its total capitalization from around $1.4 trillion.
According to popular trader CryptoELITES, the situation is starting to resemble the explosive bull market of late 2020, which caused altcoins to rise up to 50 times.
historical patterns repeating again
CryptoELITES believes that the market is once again following the same rhythm as five years ago. Back in August 2020, altcoins began to rise shortly after important changes occurred, bond yields fell, the dollar cooled, and gold fell slightly.
The same pattern played out again in November 2025, with indicators showing early signs of liquidity returning to riskier assets.
He emphasized that the white trend line that marked the 2020 breakout is being tested again. If this level holds, this setup could confirm the start of a major uptrend into 2026.
“Even if Bitcoin’s dominance briefly increases, it doesn’t mean it’s out of rhythm this time, it’s just delayed.”
His charts compare altcoin performance to defensive assets such as Bitcoin dominance, gold, the dollar index (DXY), and the US 10-year Treasury yield (US10Y), which historically change right before an altcoin rally.
Bitcoin’s dominance begins to decline
For most of the past five months, Bitcoin has dominated the crypto market, attracting nearly all capital inflows. But recent data suggests that its dominance is finally starting to decline.
Bitcoin’s market power has fallen by 5.13% over the past five months and currently stands at nearly 60%.
Meanwhile, Bitcoin price has fallen 15% in the past 30 days, indicating a cooling phase as funds start to rotate into altcoins.
Altcoins Eye 50x Rally Potential
CryptoELITES also points to a long-term support trend that has been in place since 2019, proving that the market rhythm remains intact despite some corrections. If this trend continues, the next move could see the altcoin soar up to 50x, mirroring the historic growth witnessed in 2021.
Currently, the Altcoin Season Index sits at 39 out of 100, still deep into “Bitcoin Season” territory. But that could soon change once CryptoELITES analysis is performed.
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