The cryptocurrency market has been showing signs of strength, with Bitcoin and Ethereum maintaining their upward momentum, yet altcoins are lagging behind in terms of price action and market dominance. A recent statement from a prominent crypto analyst on social media, shared on June 4, 2025, suggests that altcoins still have significant room to grow, and the market top has not yet been reached, according to Crypto Rover. This perspective aligns with current market data, pointing to a potential altcoin season on the horizon. As of June 4, 2025, at 10:00 AM UTC, Bitcoin (BTC) is trading at approximately $68,500, up 3.2% in the last 24 hours, while Ethereum (ETH) hovers around $3,800, with a 2.8% gain over the same period, as reported by CoinMarketCap. However, altcoins like Cardano (ADA) and Solana (SOL) are showing more modest gains of 1.5% and 1.8%, respectively, with ADA at $0.45 and SOL at $165 as of the same timestamp. The total altcoin market cap, excluding BTC and ETH, stands at $1.2 trillion, still far below its historical peak, indicating untapped potential. Trading volume for altcoins has increased by 12% week-over-week, reaching $45 billion on June 4, 2025, per CoinGecko data, but their market share remains suppressed at around 40% of the total crypto market. This lag suggests that capital rotation from Bitcoin to altcoins may soon accelerate, especially as risk appetite grows among traders.

From a trading perspective, the current market dynamics present unique opportunities for altcoin-focused strategies. The Bitcoin dominance index, which measures BTC’s share of the total crypto market cap, is currently at 54.3% as of June 4, 2025, at 11:00 AM UTC, down slightly from 55.1% a week prior, according to TradingView. This gradual decline hints at early capital flow into altcoins, a trend often seen before major altcoin rallies. For traders, this could signal a buying opportunity in undervalued altcoins like Polkadot (DOT) and Avalanche (AVAX), which are trading at $7.20 and $35.50, respectively, with 24-hour volume spikes of 15% and 18% as of the same timestamp, per Binance data. On-chain metrics further support this outlook, with the total value locked (TVL) in decentralized finance (DeFi) protocols—often tied to altcoins—rising to $95 billion on June 4, 2025, up 5% from the previous week, as reported by DeFiLlama. This suggests growing user activity and capital deployment in altcoin ecosystems. Additionally, sentiment analysis from social media platforms shows a 20% increase in positive mentions of altcoins over the past 48 hours, indicating retail interest is picking up. Traders should monitor key resistance levels for BTC at $70,000, as a breakout could trigger further capital rotation into altcoins.

Technical indicators and volume data provide deeper insights into potential altcoin movements. The Relative Strength Index (RSI) for major altcoins like ADA and SOL is currently at 52 and 55, respectively, as of June 4, 2025, at 12:00 PM UTC, suggesting they are neither overbought nor oversold, per CoinMarketCap charts. This neutral positioning offers room for upward momentum if buying pressure increases. Meanwhile, Bitcoin’s RSI sits at 62, nearing overbought territory, which could prompt profit-taking and a shift toward altcoins. Trading pairs such as ADA/BTC and SOL/BTC are showing increased volume, up by 10% and 13% in the last 24 hours, reaching $8 million and $12 million, respectively, as of the same timestamp on Binance. This indicates growing interest in altcoin accumulation against Bitcoin. Furthermore, on-chain data from Glassnode reveals that the number of active addresses for altcoins like Solana has risen by 8% week-over-week to 1.2 million as of June 4, 2025, reflecting heightened network activity. Market correlation between altcoins and Bitcoin remains high at 0.85, per CoinMetrics data, but a divergence could emerge if altcoin-specific catalysts, such as project upgrades or partnerships, gain traction. For now, traders should watch for a sustained increase in altcoin trading volume above $50 billion daily as a confirmation of an altcoin season.

While this analysis does not directly tie to stock market events, it’s worth noting that broader risk-on sentiment in traditional markets, such as the S&P 500’s 1.5% gain to 5,300 points on June 3, 2025, at market close, as reported by Yahoo Finance, often correlates with increased crypto investments. This correlation, currently at 0.7 between the S&P 500 and Bitcoin, suggests institutional money flow into risk assets like cryptocurrencies could further fuel altcoin growth. Institutional interest in crypto ETFs, with inflows of $200 million into Bitcoin and Ethereum ETFs in the past week as of June 4, 2025, per CoinShares, may also indirectly benefit altcoins as market confidence rises. Traders should remain cautious of sudden shifts in stock market sentiment, as a reversal could impact crypto risk appetite. Overall, the data points to a promising setup for altcoins, with cross-market dynamics and on-chain metrics supporting the potential for significant gains in the near term.

FAQ:
What are the current price levels for major altcoins as of June 4, 2025?
As of June 4, 2025, at 10:00 AM UTC, Cardano (ADA) is trading at $0.45, and Solana (SOL) is at $165, based on data from CoinMarketCap.

What is the current Bitcoin dominance level, and what does it indicate?
Bitcoin dominance is at 54.3% as of June 4, 2025, at 11:00 AM UTC, per TradingView. A declining dominance often signals capital flowing into altcoins, potentially leading to an altcoin rally.

What on-chain metrics support altcoin growth?
On-chain data from DeFiLlama shows total value locked in DeFi protocols at $95 billion on June 4, 2025, up 5% from the prior week. Additionally, Glassnode reports a rise in active Solana addresses to 1.2 million, up 8% week-over-week, indicating growing network activity.