Opinion: The strong rebound in BTC market share has caused altcoins to suffer losses; as long as BTC remains the "safest" asset, the altcoin season will not arrive.

Crypto data analyst CyrilXBT wrote on the X platform that BTC.D (BTC market share) has rebounded strongly from its support level, which is the reason for the sluggish performance of the altcoin market. As long as BTC market share remains high, altcoins will continue to bleed money. Currently, every BTC pullback leads to funds continuing to flow into BTC rather than altcoins. The altcoin season will only begin when BTC is no longer the safest trading instrument, and it is not yet approaching.