
The ALT/BTC chart has printed four consecutive green monthly candles and confirmed a bullish crossover — the same technical signal that preceded the 2021 altcoin rally. Analyst Mark Chadwick argues that macroeconomic and regulatory tailwinds make the coming Bitcoin (BTC) rotation into altcoins far more powerful than any previous cycle.
Altcoin Crossover Signal
Chadwick flagged the pattern on X, noting that the ALT/BTC pair has not produced this type of crossover since 2021. That year's version kicked off the most aggressive altcoin rally the market had seen, with tokens across the board posting returns measured in multiples.
Bitcoin dominance has remained elevated for years, keeping capital locked in BTC and starving altcoins of momentum. The four straight green monthly candles now suggest that dynamic is shifting.
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Chadwick's Bull Case
Chadwick listed six catalysts he believes will amplify the next leg. The Federal Reserve is injecting billions into financial markets, boosting liquidity across risk assets.
The CLARITY Act would sort cryptocurrencies into formal regulatory categories as either securities or commodities.
He also pointed to a friendlier SEC under the Trump administration. Activity on the NYSE and NASDAQ around crypto trading has increased as well.
On the adoption front, Fannie Mae announced last week that it will begin accepting Bitcoin as collateral for loans. Mastercard is building blockchain-based payment rails for crypto transactions. Chadwick called the convergence of these factors a "setup of epic proportions."
2021 Altseason Recap
The previous altcoin season ran from roughly late 2020 through May 2021.
Bitcoin dominance fell from about 70% to 38% during that stretch as capital rotated aggressively into smaller tokens. Ethereum (ETH) surged from around $600 to over $4,100, while Cardano (ADA) and BNB (BNB) posted gains above 1,300% and 2,000%, respectively.
DeFi protocols, NFT projects and meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) drove much of the frenzy. The Altcoin Season Index peaked, and the total crypto market capitalization crossed $2 Trillion for the first time. A broader selloff in May 2021 erased roughly 65% of altcoin gains before a second, smaller rally emerged later that year.
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