Something’s shifting in the market
- $ETH is breaking out
- $BTC dom is slipping
- Alts like $PENGU $ZORA $GP #USELESS already did 10x from the lows
Something is definitely cooking. Altseason? Maybe.
4 under the radar signs I’m watching and how I’m playing it. A thread:🧵👇
2/
Most people are still waiting for the big announcement, the moment when everyone screams Altseason!
The reality is it quietly started weeks ago while most of CT argued over Bitcoin pullbacks.
3/
ETH is up 150% from its April bottom.
XRP is up 130%.
Dozens of midcaps have already delivered 3x to 5x moves while barely making headlines.
This is how Altseason usually begins: quiet, selective, and ignored.
5/
By the time that index hits 90, the best gains are gone and the crowd is chasing leftovers.
If you are waiting for that, you are already behind.
6/
Most retail missed the April dip.
They bought into the first bounce in Q4 2024 thinking it was “safe”.
Those entries are still down 40% to 50% and they are waiting for another 2x just to break even.
7/
Meanwhile, the real signals are flashing green right now.
This Altseason is different. It’s selective. It’s early. And it’s already moving.
Here are the 4 main signals I’m watching 👇
8/
1) ETH strength:
When ETH leads, the rest of the alt market explodes.
This has been true every single cycle.
ETH right now? Showing incredible strength.
9/
The ETH/BTC ratio and ETH dominance remained flat during Bitcoin’s recent dump and are now back to local highs.
That’s rare behavior. Usually, those charts fall apart when BTC pulls back.
10/
ETF inflows are hitting records.
Whales and corporate treasuries are buying.
Network activity is up.
Liquidity is flowing into ETH first, historically the first step before everything else pumps.
11/
Sentiment around ETH is also the best it has been in 2 to 3 years.
The conversation has shifted from “Will ETH survive?” to “Which ETH ETF is leading inflows?”
When sentiment and liquidity align, ETH becomes the springboard for the entire alt market.
12/
2) Bitcoin dominance
Usually, BTC dominance jumps during both pumps and dumps. That has been true for years.
But not this time.
13/
Galaxy Digital dumped 80K BTC and alts held their ground.
Dominance made a small move up and got rejected from major resistance.
Now it’s rolling lower again.
14/
That tells you alts are holding relative strength even during stress events.
This is textbook Altseason behaviour.
15/
3) US M2 supply
Most people look at global liquidity. For alts, US M2 supply is the real driver.
16/
US M2 just hit a new all-time high of $22.02 trillion.
YoY growth is at 1.02%, the fastest pace in 1.5 years.
Last time we saw this? Q1 2024. Alts went vertical for weeks.
17/
Now we are seeing the same acceleration but with stronger market structure and higher risk appetite.
The base is set.
18/
4) Narrative shift
Look at recent headlines:
GENIUS Act
ETF approvals
Clarity Act
US Treasury crypto strategy
Every single one is bullish for alts.
19/
Even in Q4 2024, sentiment was not this positive for alts. This is a full narrative reset.
If you are still waiting for a “signal”, you are already late.
20/
So... did you miss the train? No.
This is actually the best window. Early stage Altseason positioning is where the asymmetric returns are.
21/
Here’s what I’m focusing on right now:
• Tokens with buyback mechanisms
• Cult-level communities
• Strong business moats
• Clear uptrends
22/
Examples:
Buyback → ENA, BONK, HYPE
Cult → MOG
Moat → AAVE, EIGEN
Uptrend → PENGU
Not endorsements, just examples of outperformer profiles.
23/
So it seems like yes, the Altseason is already here. The signals are flashing. Liquidity is flowing. Narratives are shifting..
Positioning now seems a wiser choice than watching from the sidelines, in my opinion..
That’s a wrap!
Got any questions about this thread? Drop them in the comments, and I’ll be happy to help.
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Thanks for reading! 😉
I hope this thread brought you some value!
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