BTC Dominance at 60%: Altseason Is Dead?

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May 31, 2026
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Everyone is wrong about altseason. BTC dominance is kissing 60% and every influencer is screaming altcoins are about to explode. They're wrong — and the on-chain data proves it. Last two times dominance hit this exact level — 2019 and late 2021 — alts didn't moon. They bled for another 4 to 6 weeks while Bitcoin consolidated gains. Smart money isn't rotating yet. Whale wallets holding over 1,000 B…