According to @CryptoMichNL, the market setup resembles Q4 2019–Q1 2020, noting that altcoins lagged before rotating then, and that BTC dominance has made its first pullback with a second decline expected this quarter, implying a possible altcoin outperformance if confirmed (source: @CryptoMichNL on X, Nov 9, 2025). For trading, this view suggests monitoring BTC.D for a second leg lower and tracking alt/BTC pairs for strength and liquidity rotation around that signal (source: @CryptoMichNL on X, Nov 9, 2025).