Jan Happel and Yann Allemann, the founders of the digital asset analysis company Glassnode, have warned that altcoins may lose all their upward momentum after the recent market correction. They believe that the altcoin season, which started at the end of November, may come to an end. According to them, the dominance rate of Bitcoin in the market is increasing, indicating a stronger environment for Bitcoin. The Glassnode founders suggest that if Bitcoin stabilizes above $100,000, we may witness growth in altcoins. Currently, long-term Bitcoin holders are selling aggressively, while short-term holders are undoubtedly entering the market. Whales are slowly accumulating, and miners remain neutral.
