The Crypto World’s Sad Comedy: Bitcoin’s Rise Amidst Falling Altcoins

by

The Crypto World’s Sad Comedy: Bitcoin’s Rise Amidst Falling Altcoins

In the vast and tumultuous realm of digital gold, Bitcoin, that old farmer, has watched his price tumble from the lofty heights of $110,000 to the humble $103,000—an embarrassing descent for such a titan. Yet, astonishingly, despite this, his influence grows. Like a pompous noble at court, Bitcoin’s dominance expands, whispering the cruel message: “There shall be no altcoin season today, my dear fools.”

Meanwhile, across the lands—amidst the chaos of Iran and Israel—a storm of liquidations, amounting to over a billion dollars, swept through the market as if the gods themselves had cast down their wrath. A battle, perhaps, or just another day in the cursed dance of speculation. 😂

Bitcoin, ever the cautious overlord, corrected by five percent to under $105,000. But the other courtiers—Ethereum, XRP, Dogecoin, Cardano—faced even harsher justice, falling between 5 and 10 percent. As if the market were a schoolyard, Bitcoin’s dominance moved up another 1.4%, crowing: “Ha! You altcoins are merely jesters.” At the moment, BTC’s control stands at 64.7%, squashing the dreams of a bright altcoin season with a heavy boot.

Is the Altcoin Season Delayed?

Oh, the chatter about altcoins—like a drunken bard singing of future riches. Yet, no mighty catalyst stirs the clouds; no wind blows for the favored horse to run. Experts predicted that perhaps Bitcoin’s grip would loosen, heralding a new age of altcoins basking in the sun. But alas, the sky remains ominous.

Enter Merlijn The Trader—a man who sees in the chaos a familiar pattern. He compares today’s market to 2021, with a glint of hope in his eye. “Same fakeouts, same structures,” he proclaims. Like a prophet of sorts, he reminds us: “Every altcoin 10x’d after those fateful tricks of the trade.” His voice echoes, full of sarcasm and hope combined: “This isn’t coincidence. It’s a setup. Altseason 2025 is just around the corner, and this time, utility will be king.”

Altcoin Season 2021 started with a double fakeout. What followed? Every altcoin 10x’d.

Now look at 2025… Same fakeout. Same structure.

This isn’t a coincidence. It’s a setup.

Altseason 2025 is loading. This time, utility is the ticket in.

— Merlijn The Trader (@MerlijnTrader) June 13, 2025

Merlijn suggests that while past seasons were mere bursts of foolish speculation, the upcoming rally shall be driven by something more meaningful—utility. Ah, prophecy! Because in the end, the market only speaks the language of usefulness, not of dreams and empty promises.

Data from the wise men of Coinglass tell of over $600 million in liquidations, half of which were longs, as if traders had thrown themselves into the abyss, blinded by macro fears and their own hubris. Such is the tragic comedy of market manipulations and human folly. 😂

Will Bitcoin Continue to Dominate?

Benjamin Cowen, the seer of Into The Cryptoverse, has watched as Bitcoin’s relative strength—the ALT/BTC ratio—dwindles from 0.34 in May down to a mere 0.32. He predicts the decline may continue, reaching a sad 0.25 as time passes. Ah, poor altcoins, destined to be mere footnotes in Bitcoin’s grand saga.

#ALT / #BTC pairs have now hit 0.32, which seemed like the most obvious short-term target.

I still think the eventual target is 0.25, but it has been a long journey.

— Benjamin Cowen (@intocryptoverse) June 13, 2025

Most altcoins, like fleeting shadows, enjoy brief moments of prominence before sinking into oblivion, rarely cementing their place among the elite for long. And so, in this tragic play, Bitcoin remains king—immovable, stubborn, and perhaps a little amused by his own dominance.

Read More

2025-06-13 20:24