According to @CryptoMichNL, the altcoin market capitalization versus BTC is at the start of a bull phase, with a MACD structure mirroring Q1–Q2 2020 on his chart, implying upside in altcoin BTC pairs; source: @CryptoMichNL on X, Oct 20, 2025. He states the latest drawdown is comparable to the FTX and COVID-19 capitulations that marked prior cycle bottoms, framing it as a bottoming event; source: @CryptoMichNL on X, Oct 20, 2025. He describes this as the longest bear market in altcoins and argues indicators are about to turn upward, asserting that selling now is a poor decision; source: @CryptoMichNL on X, Oct 20, 2025. Trading takeaway: if the MACD construction follows 2020 as claimed, a rotation from BTC dominance into altcoins could accelerate; source: @CryptoMichNL on X, Oct 20, 2025.

According to @CryptoMichNL, the altcoin market capitalization valued against BTC is starting a strong uptrend, indicating improving relative performance of altcoins versus BTC in ratio terms; source: Michaël van de Poppe on X, Oct 9, 2025. According to @CryptoMichNL, a rising altcoin market cap versus BTC mathematically reflects that alt/BTC pairs are gaining value relative to BTC and may outperform on a relative basis if the trend continues; source: Michaël van de Poppe on X, Oct 9, 2025.