Bitcoin’s price has yet to achieve its typical parabolic surge, leading to a more subdued altcoin market. Despite this, a key indicator suggests a potential shift in capital flow toward alternative cryptocurrencies is underway. The total crypto market cap excluding Bitcoin and Ethereum has turned bullish on the charts, indicating a possible signal for an upcoming altcoin season. 2017 and 2020-2021’s bull markets offer historical insights into this phenomenon: After Bitcoin broke its all-time highs, altcoins followed with rapid rallies. However, Bitcoin is currently consolidating around recent highs, contrasting previous cycles where a short but powerful phase would follow before prices accelerated significantly. This pause in Bitcoin’s parabolic climb raises the question of whether a similar period of consolidation will precede a surge in alternative cryptocurrencies.