The founders of the on-chain analysis platform Glassnode highlight that two critical catalysts are necessary for the official onset of the altcoin season. Jan Happel and Yann Alleman discussed these conditions in a recent post on social media platform X.
When Will the Altcoin Bull Market Arrive?
The founders stated that a decline in Bitcoin’s market dominance is the first condition for the altcoin season to begin. A decrease in Bitcoin’s share within the market may lead to increased interest in altcoins. They also emphasized that Bitcoin’s price should remain steadily above $100,000, which is considered a positive indicator for the overall health of the market.
“As seen in previous wave periods, altcoins can become prominent when Bitcoin’s dominance decreases.” – Jan Happel and Yann Alleman
However, Happel and Alleman pointed out that Bitcoin’s recent price surge and increase in market dominance have delayed the onset of the altcoin season. At the time of writing, Bitcoin 
$77,420 was trading at $104,419, and it is expected to stay around this level in the short term.
Expectations for the Altcoin Bull Market
If Bitcoin’s market dominance decreases and its price stabilizes at higher levels, the altcoin season could commence. During this period, investors are advised to exercise caution and closely monitor market conditions.
Market dynamics and global economic factors may also impact the timing of the altcoin season. Historical data suggests that a significant rise may begin before the end of March, indicating that the prolonged downturn might soon come to an end.
In conclusion, the decrease in Bitcoin’s market dominance and the stability of its price above $100,000 are crucial criteria for the start of the altcoin season. Investors can shape their strategies by closely following these developments.
