The next movement of the market depends on the decisions of the central banks; Do altcoins have a chance to make a comeback?

In recent days, Bitcoin managed to regain the level of $92,000 after a drop of $4,000 and liquidation of more than $2 billion.

The cryptocurrency market is now relatively stable and retail and institutional investors have shifted their focus from altcoins to Bitcoin and Ethereum.

The dominance of Bitcoin and Ethereum remains high, at 59.11% and 12.8%, respectively, indicating that in times of economic uncertainty, the market prioritizes safer, higher-quality assets.

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At the same time, the decrease in the volume of open contracts is a sign of the low willingness of traders to take the risk of leveraged positions. In other words, traders are turning to low-risk strategies and avoiding directional bets on altcoins.

Upcoming decisions by central banks, including Federal Reserve interest rate changes and Bank of Japan policies, will play a decisive role in the short-term direction of the crypto market.

Until macroeconomic signals clear, the market is likely to remain in the stabilization range, and the chances of an altcoin season starting in the near term are low.