Glassnode’s Altcoin Cycle Signal just fired off a fresh altseason alert after a month-long rally in both Bitcoin and altcoin market caps. Despite the growth, Bitcoin’s share of the total crypto market cap is still sitting below 60%, highlighting that BTC’s grip on the market is loosening.

What Exactly Did Glassnode Detect?

The Altcoin Cycle Signal just printed a new altseason indicator—a metric that flags when money and attention start shifting from Bitcoin to other crypto assets. This signal came right after a noticeable monthly uptick in the market caps of both BTC and altcoins.

Context: BTC Dominance Stays Under 60%

Bitcoin’s dominance of the total crypto market cap is holding below the 60% mark. Combined with the new Glassnode signal, this opens up more room for altcoins to run, while BTC isn’t strengthening its lead over the rest of the market.

How the Market Might Read This

A new altseason signal is often seen as a sign that traders might rotate into altcoins. Still, the indicator alone doesn’t guarantee the trend will stick around. Most market players keep an eye on whether the signal holds, how BTC dominance is moving, and if both Bitcoin and altcoins keep growing in market cap.