Crypto traders and several metrics suggest that an altcoin season is nowhere to be seen as institutions help Bitcoin strengthen its grip on the market.
Most altcoins are currently displaying bearish patterns that suggest “altcoin season” is not coming, according to numerous analysts, as Bitcoin dominance begins to rise again.
Key takeaways:
The Supertrend indicator flashes “sell,” which previously led to a 66% drop in the altcoin total market cap.
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