The dominance of Bitcoin continues to deteriorate, and market funds are quietly shifting. Is the altcoin season really about to arrive this time? #山寨币季节降临？ The cryptocurrency market has once again reached a critical crossroads. As of November 2025, Bitcoin's market capitalization dominance (BTC.D) has fallen to 58.8%, down from over 61% at the beginning of the year. Does this subtle shift indicate that the long-awaited "alts season" is about to commence? Bitcoin's Dominance Declines: Big Signals Behind Small Numbers. Bitcoin's dominance is a key barometer for measuring market sentiment. While the current drop is not significant, this decline suggests that capital allocation may be shifting towards higher-risk assets. Market analysts are divided into two camps: one believes this is an early signal of altcoin season, while the other warns that it may be a precursor to broader market deleveraging. Technical analysts ChartingGuy and Gert van Lagen noted that the Bitcoin dominance chart has broken below a key support level, predicting a potential further drop to 54%. This bearish view is supported by actual data — in November, Litecoin rose by 4.8%, while Ethereum fell by 10%, indicating a clear rotation of funds. Institutional behavior shift: from deleveraging to re-accumulation November 2025 marks a significant shift in institutional behavior. After months of deleveraging, the market is entering a new accumulation phase. The revival of demand for cryptocurrency ETFs is the most obvious signal, with new issuance beginning to exceed outflows. The spread between buy and sell prices has narrowed, and liquidity has increased, especially for Bitcoin and Ethereum. Even on days when the market is down, the number of ETF creations continues to grow steadily, indicating that institutional investors such as pension funds and private banks are playing a stabilizing role in the market. The allocation of cryptocurrencies by institutions is shifting from speculation to strategic positioning. High alpha altcoins are favored as funds seek value opportunities. With Bitcoin prices stabilizing above $110,000 and an improving macro liquidity backdrop, capital is strategically shifting towards high alpha altcoins. Avalanche is gaining attention due to performance upgrades and real-world applications, while Sui and Injective are attracting capital through new access channels. The performance of Litecoin in November is a microcosm of this trend: up 4.8%, total value locked (TVL) in DeFi increased by 12%, and on-chain transaction volume hit a historic high of $15.1 billion. The number of wallets holding over 100,000 LTC increased by 6%, indicating that whales are actively positioning themselves in specific alts. Alts seasonal dilemma: Will this time be different? Historical data shows that altcoin seasons typically occur after long-term bull markets for Bitcoin, with funds flowing into high-risk assets after locking in Bitcoin profits. However, the current situation is special—BTC.D is declining during a market deleveraging phase, rather than a Bitcoin-driven rally. Market analysts believe that if Bitcoin's dominance stabilizes and the diversity of altcoins increases, the conditions for a sustained rotation of alts over several weeks will be met. Key indicators to watch include TVL growth, on-chain fee activity, and institutional participation in altcoin-specific ETFs. Market dynamics in November 2025 indicate that the cryptocurrency market is maturing. Institutional funds are flowing into the major coins, while capital is rotating towards high alpha alts, reflecting the growing demand from investors for innovation and diversification. The next few months are crucial. If macro liquidity improves and institutional funds continue to flow in, the fourth quarter of 2025 may open a new chapter for alts. Investors should focus on projects with clear catalysts, solid fundamentals, and significant whale accumulation, seeking certainty in uncertainty. The cryptocurrency market is always a game of probabilities, but sharp investors can always read trends from data fluctuations. #当前行情抄底还是观望？ #参与创作者认证计划月领$10,000 #加密市场观察

11.19 midday joker ace #ETH走势分析 After ETH dipped quickly to the 3000 integer level in the morning session, it rebounded rapidly and is currently stable above 3050, continuing a pattern of oscillation and upward movement in the midday session. From a technical perspective, the hourly moving average system is gradually forming a bullish arrangement, and the MACD indicator has continued to diverge upwards after a golden cross below the zero line, with upward momentum gradually accumulating; the Bollinger Bands are slightly opening, and the price has broken through the middle track and confirmed its effectiveness with a pullback, providing solid short-term support. Although the KDJ indicator has entered a neutral to bullish zone, there are no overbought signals yet, indicating that there is still upward space. Midday trading strategy: Rely on the 3030-3050 range to lay out long positions, with the first target at 3150. If there is a breakout with volume, it can be followed up to 3200; set a stop loss below 3000, follow up with a light position to guard against short-term fluctuation and pullback risks. #ETH

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