Taking to the social media platform X, crypto analyst Cryptollica pointed to the OTHERS/BTC ratio, which tracks the total crypto market capitalization excluding the top ten assets relative to Bitcoin.
At the time of writing, the OTHERS/BTC ratio has been compressing for the past few months without any clear sign of a directional breakout. Altcoin dominance has been drifting lower within a narrowing range, approaching the lower trendline while volatility continues to dry up.
Momentum Indicators Quietly Flip In Favor Of AltcoinsNot only that, but the Others/BTC MACD bullish cross has now been confirmed. History shows this kind of signal has always corresponded with the earliest stages of altcoin recoveries, especially when it appears after extended periods of underperformance.
Ash Crypto also pointed to the ISM index moving back above the 50% level as another bullish sign for altcoins. This ISM moving back above 50% is notable because this macro indicator has repeatedly coincided with improving conditions for altcoins in past cycles.
