OTHERS/BTC – Big Picture Update
This chart shows the market cap of all coins (excluding top 10) vs Bitcoin, and it’s telling an important story.
OTHERS/BTC has been stuck in a long-term descending channel for years. Every altcoin cycle starts and ends here — when this ratio bleeds, Bitcoin dominates. When it reverses, altseason begins.
Right now, price is sitting near the lower boundary of the channel, a zone where downside momentum historically slows. Selling pressure is clearly weaker compared to previous drops, and recent candles show compression, not panic.
Key observations:
Long downtrend still intact, but rate of decline is slowing
Repeated rejections above, but lower side is being defended
This is typically a base-building phase, not a breakout phase yet
What this means:
This is not altseason yet
But this is often where smart positioning starts
Strong alts usually bottom before the ratio breaks out
A confirmed breakout above the channel would signal capital rotation from BTC into alts. Until then, patience matters.
Alt cycles don’t start with hype.
They start with quiet bases like this.
Keep watching this chart.
