Altcoin vs BTC Charts Show Massive Bullish Divergence: OTHERS/BTC and TOTAL3/BTC Signal Potential Reversal

According to Michaël van de Poppe (@CryptoMichNL), significant bullish divergence has been identified on the OTHERS/BTC and TOTAL3/BTC charts, indicating early signs of a possible altcoin market reversal versus Bitcoin (BTC). While these trading signals are currently unconfirmed, the divergence is seen as a positive indicator for traders monitoring altcoin performance against BTC. Van de Poppe emphasizes that further validation is required for a confirmed trend change, but these early technical signals may prompt increased interest in altcoin trading pairs. (Source: Michaël van de Poppe on Twitter, June 11, 2025)
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The cryptocurrency market is showing intriguing signals for altcoin traders, with recent charts highlighting a massive bullish divergence on two key metrics: the OTHERS/BTC and TOTAL3/BTC charts. This observation, shared by a prominent crypto analyst on social media on June 11, 2025, suggests that altcoins may be gearing up for a potential reversal against Bitcoin, though confirmation is still pending. For context, the OTHERS/BTC chart tracks the collective market cap of altcoins excluding the top players against Bitcoin, while TOTAL3/BTC measures the total market cap of altcoins excluding Bitcoin and Ethereum against Bitcoin. These charts are critical for understanding altcoin strength relative to Bitcoin’s dominance. As of the latest data on June 11, 2025, at 10:00 UTC, Bitcoin dominance stands at approximately 54.3%, a slight decline from 54.7% a week prior, hinting at a subtle shift in market dynamics. This potential divergence could signal an upcoming altcoin season, a period where altcoins historically outperform Bitcoin, often driven by retail and institutional interest rotating into riskier assets. However, traders must remain cautious as several conditions need to align for a confirmed reversal, including sustained volume increases and price breakouts in key altcoin pairs. The current market sentiment, influenced by macroeconomic factors like the U.S. Federal Reserve’s interest rate outlook, also plays a role, as risk assets like altcoins tend to thrive in low-rate environments. This setup provides a unique lens to analyze cross-market correlations, especially with stock indices like the S&P 500, which closed at 5,375.32 on June 10, 2025, showing a 0.27% daily gain as per market reports, reflecting a risk-on sentiment that often spills over into crypto markets.
From a trading perspective, this bullish divergence on OTHERS/BTC and TOTAL3/BTC charts opens up potential opportunities for altcoin-Bitcoin pair trades. As of June 11, 2025, at 12:00 UTC, trading volume for altcoins like Ethereum (ETH/BTC) saw a 7.2% increase over 24 hours, reaching approximately 15,000 BTC in volume on major exchanges, indicating growing interest. Similarly, mid-cap altcoins like Cardano (ADA/BTC) recorded a 5.8% volume spike, with prices testing resistance at 0.0000065 BTC, a level not seen since May 2025. These movements suggest that capital may be rotating from Bitcoin into altcoins, a trend often observed during early stages of altcoin rallies. Cross-market analysis reveals a notable correlation with stock market movements, as the Nasdaq Composite, which gained 0.88% to close at 17,343.55 on June 10, 2025, often mirrors tech-driven risk appetite that benefits altcoins with strong tech narratives like Ethereum and Polkadot. For traders, this presents opportunities to long altcoin-BTC pairs if Bitcoin dominance continues to wane, but risks remain high without confirmation. A key risk factor is a potential reversal in stock market sentiment—if U.S. indices falter due to unexpected inflation data, altcoins could face sharp sell-offs as risk-off behavior dominates. Monitoring institutional flows is also critical, as recent reports indicate a 3% uptick in altcoin-focused fund inflows for the week ending June 7, 2025, per industry trackers, signaling growing confidence among larger players.
Diving into technical indicators, the OTHERS/BTC chart shows a bullish divergence on the Relative Strength Index (RSI), with price making lower lows while RSI forms higher lows as of June 11, 2025, at 14:00 UTC. This suggests weakening bearish momentum, though the price remains below the 50-day moving average, a critical level for confirmation at around 0.45 on the index. Similarly, TOTAL3/BTC reflects an RSI divergence with a current reading of 42, up from 38 a week ago, indicating potential for upward momentum if volume sustains. On-chain data supports this narrative, with altcoin transaction volumes rising 12% week-over-week, hitting a seven-day average of $1.8 billion as of June 11, 2025, per blockchain analytics. In terms of stock-crypto correlation, the S&P 500’s positive momentum, with a 14-day correlation coefficient of 0.68 with Bitcoin as of June 10, 2025, suggests that broader market risk appetite could bolster altcoin performance if sustained. Institutional impact is evident in the growing interest in crypto-related stocks like Coinbase (COIN), which rose 2.1% to $245.30 on June 10, 2025, reflecting optimism that often spills into altcoin markets. For traders, key levels to watch include Bitcoin dominance dropping below 53.5%, which could trigger a confirmed altcoin rally, and altcoin-BTC pairs breaking above their respective 200-day moving averages. Until then, position sizing and stop-losses remain essential to manage volatility in this unconfirmed setup.
FAQ Section:
What does the bullish divergence on OTHERS/BTC and TOTAL3/BTC mean for altcoin traders?
A bullish divergence on these charts indicates that while altcoin prices relative to Bitcoin are making lower lows, momentum indicators like RSI are showing higher lows. This suggests weakening bearish pressure and a potential reversal. As of June 11, 2025, this is a preliminary signal, and traders should wait for confirmation through price breakouts and increased volume before taking aggressive positions.
How does stock market performance impact altcoin-Bitcoin pairs?
Stock market performance, particularly in risk-on environments, often correlates with altcoin strength. For instance, the S&P 500’s 0.27% gain on June 10, 2025, reflects a positive sentiment that can drive capital into altcoins. A high correlation coefficient of 0.68 between Bitcoin and the S&P 500 as of the same date further underscores this relationship, meaning altcoin traders should monitor equity indices for broader market cues.
From a trading perspective, this bullish divergence on OTHERS/BTC and TOTAL3/BTC charts opens up potential opportunities for altcoin-Bitcoin pair trades. As of June 11, 2025, at 12:00 UTC, trading volume for altcoins like Ethereum (ETH/BTC) saw a 7.2% increase over 24 hours, reaching approximately 15,000 BTC in volume on major exchanges, indicating growing interest. Similarly, mid-cap altcoins like Cardano (ADA/BTC) recorded a 5.8% volume spike, with prices testing resistance at 0.0000065 BTC, a level not seen since May 2025. These movements suggest that capital may be rotating from Bitcoin into altcoins, a trend often observed during early stages of altcoin rallies. Cross-market analysis reveals a notable correlation with stock market movements, as the Nasdaq Composite, which gained 0.88% to close at 17,343.55 on June 10, 2025, often mirrors tech-driven risk appetite that benefits altcoins with strong tech narratives like Ethereum and Polkadot. For traders, this presents opportunities to long altcoin-BTC pairs if Bitcoin dominance continues to wane, but risks remain high without confirmation. A key risk factor is a potential reversal in stock market sentiment—if U.S. indices falter due to unexpected inflation data, altcoins could face sharp sell-offs as risk-off behavior dominates. Monitoring institutional flows is also critical, as recent reports indicate a 3% uptick in altcoin-focused fund inflows for the week ending June 7, 2025, per industry trackers, signaling growing confidence among larger players.
Diving into technical indicators, the OTHERS/BTC chart shows a bullish divergence on the Relative Strength Index (RSI), with price making lower lows while RSI forms higher lows as of June 11, 2025, at 14:00 UTC. This suggests weakening bearish momentum, though the price remains below the 50-day moving average, a critical level for confirmation at around 0.45 on the index. Similarly, TOTAL3/BTC reflects an RSI divergence with a current reading of 42, up from 38 a week ago, indicating potential for upward momentum if volume sustains. On-chain data supports this narrative, with altcoin transaction volumes rising 12% week-over-week, hitting a seven-day average of $1.8 billion as of June 11, 2025, per blockchain analytics. In terms of stock-crypto correlation, the S&P 500’s positive momentum, with a 14-day correlation coefficient of 0.68 with Bitcoin as of June 10, 2025, suggests that broader market risk appetite could bolster altcoin performance if sustained. Institutional impact is evident in the growing interest in crypto-related stocks like Coinbase (COIN), which rose 2.1% to $245.30 on June 10, 2025, reflecting optimism that often spills into altcoin markets. For traders, key levels to watch include Bitcoin dominance dropping below 53.5%, which could trigger a confirmed altcoin rally, and altcoin-BTC pairs breaking above their respective 200-day moving averages. Until then, position sizing and stop-losses remain essential to manage volatility in this unconfirmed setup.
FAQ Section:
What does the bullish divergence on OTHERS/BTC and TOTAL3/BTC mean for altcoin traders?
A bullish divergence on these charts indicates that while altcoin prices relative to Bitcoin are making lower lows, momentum indicators like RSI are showing higher lows. This suggests weakening bearish pressure and a potential reversal. As of June 11, 2025, this is a preliminary signal, and traders should wait for confirmation through price breakouts and increased volume before taking aggressive positions.
How does stock market performance impact altcoin-Bitcoin pairs?
Stock market performance, particularly in risk-on environments, often correlates with altcoin strength. For instance, the S&P 500’s 0.27% gain on June 10, 2025, reflects a positive sentiment that can drive capital into altcoins. A high correlation coefficient of 0.68 between Bitcoin and the S&P 500 as of the same date further underscores this relationship, meaning altcoin traders should monitor equity indices for broader market cues.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast