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 alerts 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 Alerts Potential Capital Rotation
One of the vital intently watched metrics on this context is the Bitcoin Dominance (BTC.D). This metric displays Bitcoin’s share of whole cryptocurrency market capitalization.
In response to market information, BTC.D dropped in late June and continued shifting 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 remains to be bearish.
“The BTC Dominance…has regarded bearish for a lot of weeks. The downtrend is favorable to proceed due to this fact, this aid rally has been a lifeless cat bounce in a downtrend,” Hyland wrote.
Analyst Michaël van de Poppe in contrast 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 as we speak’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 may seemingly drive dominance even decrease and shift capital towards altcoins.
“Rotation season is likely to be 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 throughout 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 true fireworks,” he acknowledged.
Moreover, current weekend rallies throughout altcoins point out a renewed curiosity from retail buyers. 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 might develop into essential catalysts for an upcoming wave of altcoin features. BeInCrypto reported that the Federal Reserve is about to restart its quantitative easing program on December 1, a coverage shift that would inject vital liquidity into monetary markets.
Traditionally, such strikes have lowered borrowing prices, boosted investor confidence, and redirected capital towards higher-risk property, akin to cryptocurrencies, probably setting the stage for renewed momentum throughout the altcoin sector.
Regardless of a number of bullish alerts, 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 long-lasting altcoin rally or solely a short surge in hypothesis.