Bitcoin Is Cashing Out by Vulnerable Groups Good News for Meme Coins or Altcoins

CoinWorld reported:
Altcoins have seen a significant surge, with top-ranking altcoins achieving double-digit growth.
However, despite this, meme coins remain one step ahead.
Among the best performers of the week, 60% are
altcoins,
clearly indicating a market shift. Unlike previous cycles, altcoins are outperforming meme coins.
Cardano [ADA]
saw a weekly increase of over 25%.
However, as these coins approach historical resistance levels—some even surpassing them—uncertainty is building around potential corrections. In fact, just recently, a wallet
holder
spent 235 ETH to purchase 33.35 million Dogecoins.
While the weekend is expected to see alts bullish due to weak BTC hand sell-off rallies, the market could repeat patterns from previous cycles.
Altcoin season may take longer to commence.
In context, the BTC top is a key precursor to triggering an altcoin season or a meme coin super cycle. The reasoning is simple—when weak hands exit the market, fearing a pullback as Bitcoin approaches a critical risk area, significant liquidity flows into high-market-cap coins.
DOGE,
for instance, saw a substantial rise from mid to late October, breaking away from an 8-month consolidation, despite Bitcoin experiencing a noticeable pullback during the same period.
Meanwhile,
Ethereum,
the world’s largest altcoin, performed flatly during the same timeframe, marking the first time ETH failed to gain traction as BTC hit resistance.
However, unlike before, ETH saw a weekly rise of over 16%. This strong rebound increased the chances of an altcoin season, with its market cap growing by 3% to $351 billion, providing relief to over 3 million currently profitable addresses.
However, if wallet holders—who sold $500,000 worth of ETH for DOGE as ETH approached the critical $3K psychological level—continue this trend, it may prompt more holders to follow suit.
Therefore, the altcoin season may be delayed, and liquidity might flow into
meme coins.
This would trigger a meme coin cycle.
A meme coin cycle seems more likely.
DOGE’s weekly gain exceeded 20%, surpassing altcoins, but there seems to be more behind this rally. With Elon Musk’s continued support for Dogecoin and his growing influence in the political
arena,
his backing undoubtedly paved the way for DOGE’s surge.
Following the election results, DOGE’s major shareholders have accumulated over $800 million. This can be evidenced by the recent price surge, nearing the $0.20 mark.
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As a traditional meme coin, Dogecoin must take the lead in protecting other meme coins. Notably, major meme coins based on Solana are still lagging behind.
The market may change next week. Given the current market dynamics, meme coins are currently leading altcoins. However, in the long run, this situation might change, especially as analysts predict BTC might next break through $80,000.