Bitcoin Dominance May Delay Altcoin Season, Analyst Suggests

According to BlockBeats, James Wynn expressed his views on the market on the X platform, highlighting concerns about excessive leverage in altcoins. He noted that many investors are not adequately hedging with Bitcoin. Wynn suggested that Bitcoin's market dominance (BTC.D) could reach unprecedented levels, potentially delaying the onset of a robust altcoin season. He believes that altcoin season will commence when BTC.D declines and stabilizes. In his opinion, Bitcoin needs to reach at least $120,000 to $140,000 for this shift to occur.