The growing dominance of Bitcoin and its recent decoupling from Ethereum have raised concerns about the viability of an altcoin season. On-chain analytical firm Lookonchain has identified a pattern where each time Bitcoin rebounds to $100,000, Ethereum trends lower than the subsequent event, indicating a strong decoupling between the two cryptocurrencies. This trend is also evident in other major altcoins such as Dogecoin, BNB, and Cardano. Bitcoin's increasing market dominance, which currently stands at 60.19%, is one of the reasons behind its outperformance against altcoins. The growing capital inflows into Bitcoin, including through US spot exchange-traded funds (ETFs), have further fueled this trend. Speculations have emerged that there will be no altcoin season this bull cycle, as Bitcoin has become the center of attention in the industry.



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