The dominance of bitcoin on the crypto market is up and the altcoin dominance goes to down. I also think that the recovering time for altcoin market will some few months. And also doubting about the altcoin season.
The main question here is, why should we even have an altcoin season at all?
Seriously, what is the need for that anymore, and how would it fueled?
In the past it was easy, take profits from BTC when declining and then pump alts to make more money from that as the FOMO from the first BTC bull run was still spreading, now, where are we going to get those trillions needed and why would the new generation of long bitcoin holders switch to alts?
Moreover, we have seen how a decline in BTC price after a bull run hits more the altcoin market that didn't even have one than it does BTC, so a lot of the aspects of the previous cycles have been shredded to dust and are no longer around.