Bitcoin Social Risk

Importance of Retail Return for Alt Season

Bitcoin dominance needs to decrease for an alt season to occur.

Required Conditions for Decrease in Bitcoin Dominance

• Retail interest must surge and sustain
• Similar patterns were seen in 2017 and 2021 when Bitcoin dominance dropped

Current Market Situation

• Retail interest has not surged and sustained yet

Historical Precedent

• In December 2020, social risk surged and then pulled back to around 0.35