Are We Entering an Altcoin Season in November 2025?
The cryptocurrency market has faced its fair share of turbulence over the past years, leaving investors questioning the next big shift. However, early November signals show the possibility of an emerging altcoin season. Experts suggest that capital may begin rotating from Bitcoin to altcoins, creating potentially lucrative opportunities for investors in the coming months.
What Is Bitcoin Dominance, and Why Is It Declining?
A key metric to watch in cryptocurrency markets is Bitcoin Dominance (BTC.D), which tracks Bitcoin’s share of the total cryptocurrency market capitalization. As of November 2025, BTC.D sits at 59.94%, indicating a continued downtrend since June earlier this year. Market analysts have observed parallels with the 2019–2020 cycle, which featured similar conditions leading to a major altcoin rally.
Notably, Matthew Hyland, a leading crypto analyst, called the current Bitcoin Dominance a “bearish chart.” Similarly, trader Don flagged a potential head-and-shoulders pattern—a bearish indicator pointing toward another dip in BTC.D. If this pattern plays out, we could see accelerated capital rotation into smaller altcoins across the market.
Market Psychology and Retail Investors
Key market psychology elements also align with the upcoming altcoin season. Analyst Merlijn notes that altcoin rallies often occur when sentiment is at its lowest point. Past cycles have shown that Bitcoin cooling off often coincides with capital rotation toward overlooked altcoins. Recent weekend rallies further confirm a renewed interest among retail investors, indicating a shift in sentiment from disbelief and apathy to cautious optimism.
Liquidity Injections and Federal Reserve Policy
Adding to the optimistic outlook, the Federal Reserve has announced a quantitative easing (QE) restart on December 1, 2025. Historically, such measures increase liquidity in financial markets, lower borrowing costs, and encourage investors to take on higher levels of risk. Cryptocurrencies, known for their high-risk, high-reward nature, could benefit significantly from these liquidity inflows, particularly smaller-cap altcoins.
Should You Anticipate an Altcoin Bull Run?
Despite several bullish indicators, experts caution that the momentum in altcoins is still fragile. According to one prominent analyst, “Selective altcoins are pumping, but until the altcoin market capitalization (excluding stablecoins) breaks an all-time high, we will not see a prolonged rally in altcoins.”
For now, investors are advised to monitor Bitcoin Dominance and liquidity trends carefully while keeping an eye on individual altcoins showing early strength. Key projects like Ledger Nano S, which ensures secure crypto storage, are also a great tool for safeguarding your holdings during volatile times.
Final Thoughts
November 2025 could very well mark the beginning of a new altcoin cycle, but caution remains crucial. The combination of declining Bitcoin Dominance, market psychology, increased retail interest, and new liquidity injections creates a strong foundation for potential growth. However, as always, do thorough research, diversify wisely, and avoid over-leveraging in the unpredictable world of cryptocurrency trading.
