Analyst Matthew Hyland believes Bitcoin’s market dominance decline may signal an upcoming altcoin season, citing the bearish trend on the Bitcoin Dominance chart. He describes a recent rally as a ‘dead cat bounce’ within this downtrend. In a video, Hyland speculates about Bitcoin price volatility being influenced by traditional finance giants, hinting at potential Wall Street manipulation for strategic positioning. Bitcoin’s dominance has fallen 5.13% over the past six months to currently stand at 59.90%, as reported by TradingView. A drop below $100,000 on November 4th raised concerns about Bitcoin’s future trajectory. As of publication, Bitcoin is trading at $102,090. Despite Hyland’s optimism about altcoin markets gaining momentum, other indicators still point to a market focused heavily on Bitcoin, with CoinMarketCap’s Altcoin Season Index remaining at 28 out of 100, indicating a ‘Bitcoin Season’. The last indication of an ‘Altcoin Season’ was witnessed on October 8th after Bitcoin reached its all-time high of $125,100. However, this indicator shifted to a risk-off mode following a market crash on October 10th which saw approximately $19 billion in leveraged positions being liquidated. Industry experts anticipate that the next altcoin season will be more selective and concentrated compared to past cycles. Maen Ftouni, CEO of CoinQuant, a company specializing in algorithmic trading tools, suggests that older cryptocurrencies with an ETF or those expected to receive one will attract significant capital during the next altcoin season. Ftouni emphasizes that not all coins will see substantial returns, with liquidity likely concentrated in specific areas, including established cryptocurrencies.