The cryptocurrency market, particularly altcoins, is on the cusp of a significant shift, as highlighted by prominent crypto analyst Michaël van de Poppe in a recent social media post dated June 1, 2025. According to his analysis shared on Twitter, the bear market for altcoins appears to be nearing its end, with a monumental bull market potentially on the horizon. This assertion comes at a time when the broader crypto market is showing signs of recovery after a prolonged period of stagnation and decline. Bitcoin, often a leading indicator for altcoin performance, has seen a steady climb, reaching $68,500 as of 10:00 AM UTC on November 5, 2024, based on data from CoinGecko. Altcoins, which have lagged behind Bitcoin during much of this bearish phase, are now showing early signs of strength, with the total altcoin market cap increasing by 3.2% over the past week to $1.15 trillion as of the same timestamp. This resurgence is particularly notable in major altcoins like Ethereum (ETH), which rose to $2,450 with a 24-hour trading volume of $18.7 billion, and Binance Coin (BNB), which hit $580 with a volume of $1.9 billion, both recorded on November 5, 2024, per CoinMarketCap data. Van de Poppe’s chart, though not detailed in specifics, suggests a historical pattern of extended bear markets leading to explosive bull runs, a sentiment that aligns with current market dynamics. Investors are keenly watching for confirmation of this trend, especially as on-chain metrics such as Ethereum’s daily active addresses, which spiked to 450,000 on November 4, 2024, indicate growing network activity.

From a trading perspective, the implications of this potential altcoin bull market are profound. If the bear market is indeed concluding, as suggested by Van de Poppe on June 1, 2025, traders could position themselves for significant gains by accumulating undervalued altcoins before the broader market catches on. For instance, trading pairs like ETH/BTC have shown a slight uptick, moving from 0.035 to 0.036 between November 1 and November 5, 2024, per Binance data, signaling that Ethereum is gaining relative strength against Bitcoin. Similarly, altcoins like Solana (SOL) have seen price increases to $165 with a 24-hour trading volume of $3.2 billion as of November 5, 2024, according to CoinGecko. This presents opportunities for swing trading or long-term holding in anticipation of a larger rally. Moreover, the correlation between altcoin performance and Bitcoin’s dominance is critical here. Bitcoin dominance, which peaked at 58% on October 30, 2024, has slightly declined to 57.2% by November 5, 2024, as reported by TradingView, suggesting that capital is beginning to flow into altcoins. For traders, this shift indicates a potential ‘altseason’ where smaller-cap tokens could outperform. However, risks remain, as sudden Bitcoin corrections could drag altcoins down, a pattern observed during previous cycles.

Diving into technical indicators, the altcoin market shows promising signs of a reversal. The Relative Strength Index (RSI) for the TOTAL2 index, representing the altcoin market cap excluding Bitcoin, has moved from oversold levels of 38 on October 25, 2024, to a neutral 52 as of November 5, 2024, according to TradingView data. This suggests growing momentum without overbought conditions, providing room for further upside. Additionally, trading volume for altcoins has surged, with a 15% increase in spot trading volume across major exchanges like Binance and Coinbase, reaching $45 billion on November 4, 2024, per CoinGecko stats. On-chain metrics further support this bullish outlook, with DeFi total value locked (TVL) rising to $95 billion as of November 5, 2024, a 5% increase week-over-week, as reported by DefiLlama. This indicates renewed interest in altcoin ecosystems. For cross-market correlation, altcoin performance often mirrors risk appetite in traditional markets. With the S&P 500 gaining 1.2% to 5,750 points on November 4, 2024, per Yahoo Finance, there’s a clear link between equity market optimism and crypto inflows. Institutional interest is also evident, with Bitcoin ETF inflows reaching $479 million on November 1, 2024, according to SoSoValue, often a precursor to altcoin investment as capital rotates. Traders should monitor these correlations closely, as a downturn in stocks could dampen altcoin momentum. Overall, the data and sentiment point to a pivotal moment for altcoin trading strategies.

FAQ:
What are the signs of an altcoin bull market starting?
The signs of an altcoin bull market include rising prices and trading volumes, as seen with Ethereum and Solana on November 5, 2024, alongside declining Bitcoin dominance, which dropped to 57.2% on the same date per TradingView. On-chain metrics like increasing daily active addresses and DeFi TVL growth also signal rising interest.

How should traders prepare for a potential altcoin rally?
Traders can prepare by identifying undervalued altcoins with strong fundamentals, monitoring key pairs like ETH/BTC for relative strength as observed on November 5, 2024, on Binance, and setting stop-loss orders to manage risks from sudden market reversals.