The crypto market has confronted heavy losses for the reason that October crash, eroding confidence. Whereas many analysts argue that an altcoin season stays distant, rising indicators are starting to shift sentiment.
In November 2025, a mixture of market psychology, technical indicators, and renewed liquidity inflows suggests the early formation of a possible bull cycle in altcoins.
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Bitcoin Dominance Indicators Potential Capital Rotation
One of the crucial carefully watched metrics on this context is the Bitcoin Dominance (BTC.D). This metric reflects Bitcoin’s share of complete cryptocurrency market capitalization.
In keeping with market knowledge, BTC.D dropped in late June and continued transferring downwards. It rebounded in September, although it has but to reclaim its June highs. At press time, it stood at 59.94%
Regardless of this, analyst Matthew Hyland famous that the BTC.D chart continues to be bearish.
“The BTC Dominance…has seemed bearish for a lot of weeks. The downtrend is favorable to proceed due to this fact, this aid rally has been a useless cat bounce in a downtrend,” Hyland wrote.
Analyst Michaël van de Poppe compared the present cycle to late 2019 and early 2020. On the time, Bitcoin Dominance first declined, briefly recovered, after which entered one other main downward leg.
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Van de Poppe means that at the moment’s market could also be at an analogous turning level. The analyst anticipates a second drop in BTC.D this quarter.
Including to this, dealer Don pointed to a head-and-shoulders construction on the Bitcoin Dominance chart, a bearish reversal sign. If confirmed, this could probably drive dominance even decrease and shift capital towards altcoins.
“Rotation season is perhaps nearer than most assume,” the dealer wrote.
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Market Psychology and Retail Participation
From a psychological perspective, an analyst Merlijn emphasised that altcoin seasons start during market disbelief, when sentiment is at its lowest.
“ALTCOIN SEASON STARTS WHERE EVERYONE GIVES UP. Similar base. Similar wedge. Similar disbelief. Each earlier altseason was born right here. Bitcoin cools. Liquidity rotates. It’s time for the actual fireworks,” he stated.
Moreover, latest weekend rallies throughout altcoins point out a renewed interest from retail investors. Such exercise is usually a bullish short-term signal, with sentiment shifting from apathy to cautious optimism.
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New Liquidity, New Rally
Lastly, new sources of liquidity could become crucial catalysts for an upcoming wave of altcoin good points. BeInCrypto reported that the Federal Reserve is ready to restart its quantitative easing program on December 1, a coverage shift that would inject important liquidity into monetary markets.
Traditionally, such strikes have lowered borrowing prices, boosted investor confidence, and redirected capital towards higher-risk belongings, resembling cryptocurrencies, probably setting the stage for renewed momentum across the altcoin sector.
Regardless of a number of bullish indicators, some analysts warn {that a} broader altcoin rally should still be far off.
Thus, the weeks forward will reveal whether or not November 2025 launches a lasting altcoin rally or solely a quick surge in hypothesis.