- $450M liquidated in crypto futures as new US tariffs trigger market uncertainty
- BTC, ETH, SOL dip, but analysts eye potential altseason despite market volatility
- Altseason indicators: Index low (18), watch BTC Dominance (~71%), analyst eyes Apr 7
Over $450 million in crypto futures positions were liquidated following sudden market swings, driven by growing economic tensions after new U.S. tariffs were announced on auto imports and for major trade partners, sending ripples of uncertainty across global markets.
Bitcoin initially climbed briefly after the news, perhaps on hopes the economic fallout would be short-lived. That sentiment faded quickly, however, as major cryptocurrencies retreated; Bitcoin fell back below key technical levels after trading higher, and Ethereum slipped under significant support. Altcoins also felt the impact, with XRP and Dogecoin testing important support zones, while Solana lost roughly 4% of its value at the time of reporting.
Despite this volatility, an altseason narrative persists, with analysts watching for signs that altcoins could defy the bearish trend. Several altcoins are approaching key price thresholds, potentially setting the stage for rebounds or further declines. The market appears at a crossroads, awaiting direction from either Bitcoin’s recovery or altcoins finding independent momentum.
When is The Next Altseason?
The Altcoin Season Index, monitoring the top 50 altcoins, currently sits at 18; a reading above 75 typically signals an altcoin season has begun. Analyst Rekt Capital points out the next altseason is likely correlated with a drop in Bitcoin Dominance, potentially around the 71% mark on the dominance chart based on historical patterns.
Rekt Capital also provided historical context: “In the 2017 cycle, Bitcoin experienced 4 Price Discovery Corrections before peaking… In the 2021 cycle, $BTC had 3… In this cycle, Bitcoin is experiencing its 1st Price Discovery Correction.”
Analyst Danny Crypto suggested the next bull run and altseason could begin as soon as April 7, noting key bullish signals are active. He believes this period might represent a final chance to invest in low-cap altcoins before a potential altseason starts.
Crypto markets move in cycles, often including “shakeouts”—temporary declines perceived as attempts to unsettle retail investors. These shakeouts frequently occur just before major upward trends, potentially offering a final buying opportunity. According to this view, Bitcoin currently shows a pattern similar to previous cycles: consolidation followed by strong bullish momentum potential.
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