TechFlow news, November 19 — According to QCP Asia Colour, BTC and ETH remained stable over the weekend while SOL performed exceptionally well, rebounding approximately 17% from its Friday low. With the emergence of a crypto-friendly Trump administration, SOL and other altcoins appear to be gaining attention. Historical data shows that whenever major cryptocurrencies consolidate after significant rallies, altcoins tend to outperform as profits rotate into smaller-cap coins. Currently, BTC dominance stands at around 60%, and a drop below 58% may signal the beginning of an altcoin season.
Although investors may not yet be fully ready to shift into altcoins, BTC still appears to have room to rise further toward the 100k milestone. Against the backdrop of anticipated pro-crypto policies under the Trump administration and further rate cuts, the possibility of a full-blown altcoin season in the coming months cannot be ignored.
Despite net outflows from ETFs last Thursday and Friday, BTC has maintained relatively strong support, with institutional adoption remaining robust. Earlier today, Japan’s Metaplanet announced plans to use proceeds from its bond sale to purchase more BTC, following in the footsteps of MicroStrategy. As political and institutional factors align, predictions of BTC reaching 100k are increasingly looking less like speculation.
