Recent data reveals a significant shift in Bitcoin’s dominance, reaching a level not seen since early 2021, exceeding 64%. This milestone signifies a potential turning point in the market’s dynamics. While this bullish signal is notable, it also raises concerns about overstretched Bitcoin and its potential for exhaustion. The current trend resembles the 2021 altcoin season, when Bitcoin dominance peaked before an overall shift in market leadership towards larger-cap altcoins. This pattern suggests a similar pattern may be forming, with capital flowing into alternative assets. The past week has witnessed a notable increase in the total market cap excluding Bitcoin, suggesting that as Bitcoin reached its peak, altcoins saw substantial capital inflows. Solana stands out amongst large-cap altcoins, experiencing a significant surge. 64% BTC.D and the current RSI print exceeding 80 suggest a potential for fatigue within Bitcoin’s dominance and the opportunity for a shift in market leadership towards altcoins. This pattern has mirrored previous cycles: like in 2024 where the altcoin market index showed a similar downtrend before a dramatic rebound in late 2024. Despite these historical indicators, the likelihood of an altcoin season has significantly diminished.