Analysis: BTC market share is about to break through the multi-year support level, which may indicate the arrival of the altcoin season

TradingView data shows that BTC’s market share has dropped from 60% in the past month to below 57% (currently 56.7%). Analysts predict that BTC market share appears to be on the verge of breaking through its multi-year support trend line. In addition, ETH’s market share also fell to 12.9%, while other cryptocurrencies’ market share rose to 31.5%, up from 28.1% last month. The analysis pointed out that the decline in BTC’s market share has significantly affected market sentiment, indicating that the altcoin season has arrived. (crypto.news)