Raoul Pal Says Altcoin Season Is Coming—Bitcoin Dominance Drops
The post Raoul Pal Says Altcoin Season Is Coming—Bitcoin Dominance Drops appeared first on Coinpedia Fintech News
The crypto market is on fire as Bitcoin price smashes past $100,000 , reigniting talks of a massive altcoin rally.
Veteran macro investor Raoul Pal believes Bitcoin dominance (BTC-D) has peaked, signaling the beginning of what he calls the “Banana Zone” — a parabolic growth phase for altcoins. But not everyone agrees.
Bitcoin Hits $103K; BTC Dominance Slides
At the start of May, Bitcoin traded around $94,197 . It stayed in the $94K–$97K range until May 7. But in the last 24 hours, BTC surged 3.5% to $103,322 , breaking the critical $100K mark. Overall, Bitcoin has gained 9.66% this month and 6.9% in the past week .
Meanwhile, BTC dominance has dropped from 65.36% on May 7 to 63.69% today , a 2.5% decline — the first after two months of consistent growth.
Raoul Pal says this downturn could mark the end of Bitcoin’s dominance and the start of the altcoin rally. He notes that BTC-D didn’t reach 2021 or 2017 highs, supporting his call.
What Is the “Banana Zone”?
Coined by Pal, the “Banana Zone” describes a sharp upward curve in altcoin prices that mimics the shape of a banana. It’s when investors rotate profits from Bitcoin into altcoins, triggering explosive gains across the board.
Crypto analyst Mark Harvey disagrees. He believes Bitcoin dominance could grow stronger due to rising ETF inflows and institutional adoption . According to him, the current dip is only temporary.
- Also Read :
- $100k Just The Beginning For Bitcoin?
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What About the Altcoin Season Index?
The CMC Altcoin Season Index currently stands at 41 , the highest since February but still far below the altcoin season threshold of 75 . This means we’re not in full altcoin season yet — but the setup is building.
Bitcoin’s $100K breakout is historic. Whether this triggers the “Banana Zone” or strengthens BTC dominance further remains to be seen. All eyes are now on altcoins.
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FAQs
Bitcoin is up today after a 3.5% surge driven by bullish momentum, institutional buying, and positive market sentiment.
Yes, Bitcoin dominance has dropped from 65.36% to 63.69%, suggesting a shift towards altcoin dominance in the market.
Not yet. The index is at 41, indicating growing interest but not a full altcoin season yet.
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