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Alt season may not return as bitcoin dominance expected to deepen

Doubts are growing over whether an “alt season” can return if the past pattern of bitcoin profits rotating into altcoins weakens. Cointelegraph reported on June 20 that bitcoin’s market dominance remains above a key support level, raising the possibility that bitcoin will continue absorbing funds from altcoins for the time being. CryptoQuant CEO Ki Young Ju said the rotation from bitcoin to altcoins has effectively disappeared.