🚨 Market Update: Altcoin Season Put on Hold

Bitcoin's dominance is reaching new heights, hovering around 58-59% 📈. This surge has pulled liquidity away from altcoins, hindering their ability to rally.

Altcoin prices are trading significantly below their 200-day moving averages, indicating a technical weakness across major exchanges 📉. This trend suggests that recovery momentum is limited.

On-chain data reveals that capital is flowing into Bitcoin's accumulation phase 💸. As a result, the prospects of a sustained altcoin season are being pushed further out unless dominance drops and sentiment improves 🔜.

Market Fear: Is It Time to Rebalance? 🤔

The market remains cautious, with fear indicators pointing to traders favoring Bitcoin over riskier alt tokens 😬. This shift in sentiment may indicate that it's time for a portfolio rebalancing strategy 💼.

$BTC continues to be the asset of choice, dominating the market landscape 🚀.