Alphractal CEO Predicts Altcoin Boom in June as Bitcoin Market Share Shrinks
Bitcoin’s (BTC) market dominance has slipped notably this month, fueling expectations that a major altcoin rally could be just around the corner.
Joao Wedson, CEO and founder of crypto analytics firm Alphractal, believes June could mark the start of a full-fledged “alt season” — a period where alternative cryptocurrencies outperform bitcoin across the board.
BTC’s dominance, which tracks the flagship cryptocurrency’s share of the total crypto market capitalization, fell from 65% to 62% over the past week, ending a five-month upward trend, according to TradingView data. In contrast, the total crypto market cap climbed from $2.90 trillion to $3.24 trillion, suggesting capital is rotating out of bitcoin into altcoins.
Wedson pointed to his firm’s proprietary Altcoin Season Index, which tracks 57 selected altcoins. The index shows 37 have outperformed bitcoin over the last 60 days — a key signal that an altcoin breakout is already in motion.
“Even if BTC sees short-term losses, most altcoins have likely bottomed and are unlikely to revisit recent lows,” Wedson wrote in a post on X. “We expect some of bitcoin’s $2 trillion market cap to flow into the altcoin sector. Traders should be watching BTC pairs like ETH/BTC and COTI/BTC closely.”
Despite this, broader metrics suggest altcoins have yet to fully take over market momentum. CoinMarketCap’s altcoin index — which tracks the performance of the top 100 non-BTC tokens — remains low at 27, a level still associated with “bitcoin season.”
