Hamster Kombat (HMSTR) is going through a rough patch after losing 17% in under 24 hours. Several factors are contributing to the HMSTR price crash, including massive whale sell-offs and waning enthusiasm for the project. Hamster Kombat Loses 17% in a Single Day The Telegram-based Tap-to-Earn project Hamster Kombat has seen HMSTR tumble by over
Altcoin season may be taking shape in a new and less predictable way in 2025. While the market recently saw a brief altcoin rally, analysts believe these mini-cycles will continue to appear before a broader, more sustained shift occurs.
Bitcoin dominance has dropped sharply, and altcoins have started to outperform BTC in the short term, but broader indicators suggest this rotation is still selective. Unlike past cycles, the next altcoin season could be more fragmented, favoring projects with strong fundamentals and execution rather than lifting the entire market.
Bitcoin Dominance Drops to March Lows as Altcoins Gain Ground
Bitcoin dominance has dropped sharply over the past six days, falling from 65.39% to 62.5%—a decline of nearly 5 basis points and its lowest level since March 31.
This shift suggests that capital is beginning to flow away from Bitcoin and into altcoins, weakening BTC’s share of the total crypto market cap.
Bitcoin dominance tracks the percentage of the overall crypto market made up by Bitcoin. A falling dominance level often signals the start of an altcoin season, where smaller-cap tokens outperform Bitcoin.
A notable example occurred in late 2024, when dominance dropped from 61.1% to 55% between November 21 and December 7, sparking a broad altcoin rally. If this trend continues, altcoins could see renewed momentum in the days ahead.
According to Marcin Kazmierczak, Co-founder & COO of RedStone:
“The recent mini altseason reflects growing investor interest in altcoins, driven by or possibly resulting from falling BTC dominance. It’s possible we’ll see sustained rallies, especially as the market matures and more projects gain traction. However, I expect that, unlike past cycles, the market will continue the trend of not all altcoins benefiting equally — projects with strong products and excellent go-to-market strategies will likely outperform, while others may struggle to maintain momentum.” – Kazmierczak told BeInCrypto.
Top Altcoins Outpace Bitcoin This Week, But YTD Gap Remains Wide
Year-to-date, Bitcoin (BTC) continues to dominate most of the altcoin market, outperforming 11 of the top 12 altcoins. The only exception is XRP, which has posted a 23% gain this year, slightly edging out Bitcoin.
This performance gap is one reason the broader market has remained in a Bitcoin-led phase, with capital largely consolidating around BTC rather than spreading evenly across the altcoin space.
However, the trend has shifted sharply in the past seven days. Despite BTC rising 7% during this period, it was outperformed by all of the top 12 altcoins—most notably by Ethereum (ETH), which jumped 43%, and Dogecoin (DOGE), which surged 36%.
This short-term reversal may indicate the early stages of a potential altcoin season. According to Aurelie Barthere, Principal Research Analyst at Nansen, Solana looks bullish:
“We like SOL for strong fundamentals plus stabilizing 50-day moving average vs BTC.” – Barthere told BeInCrypto.
If altcoins continue to sustain this momentum and outperform BTC more consistently, it could signal a broader market rotation away from Bitcoin dominance and into the altcoin sector.
Altcoin Market Cap Rises, But Index Signals BTC Still Leads
The total market cap of altcoins has surged over the past week, rising from $1.07 trillion to $1.30 trillion—a significant increase signaling strong inflows into the altcoin sector.
Despite this growth, the CoinMarketCap Altcoin Season Index has declined from 35 to 31 in the same period, showing that most altcoins are still underperforming relative to Bitcoin.
This disconnect suggests that while money is flowing into altcoins, it’s not yet broad or strong enough across the top 100 assets to trigger a true altcoin season.
The CMC Altcoin Season Index measures whether the market is favoring altcoins over Bitcoin by analyzing the performance of the top 100 altcoins.
If at least 75% of them outperform Bitcoin, it’s considered Altcoin Season; if 25% or fewer do, it’s Bitcoin Season. The index ranges from 1 to 100 and updates daily.
With the current value sitting at 31, the market remains in a Bitcoin-dominated phase, despite the rising altcoin market cap—highlighting that only a limited number of altcoins are driving the gains.
HBAR, the native token of Hedera, has been experiencing a steady uptrend recently, attracting the attention of investors. The price surge has contributed to increased trading activity, but for traders, especially those holding short positions, this could lead to significant liquidations.
While the altcoin is expected to continue its rise, the situation may become challenging for those who bet against it.
HBAR Traders Are In Danger
The Chaikin Money Flow (CMF) indicator shows strong inflows into HBAR, signaling that investor sentiment is bullish. The CMF has bounced above the zero line for the first time since December 2024, showing strong demand.
The inflows indicate that investors continue to pour money into the asset, bolstering the price movement. With the CMF turning positive, the likelihood of sustained growth for HBAR increases, as long as the broader market maintains its bullish tone.
The liquidation map for HBAR, which tracks short positions, indicates that traders betting against the asset could face significant losses if the price continues to rise. HBAR’s current price sits at $0.19, not far from the key resistance level of $0.22. If HBAR breaches this resistance, approximately $70 million worth of short positions could be liquidated, leading to further upward pressure. This scenario highlights the intense battle between bullish investors and bearish traders.
Short traders who bet against HBAR are now at risk, as the broader market sentiment pushes the altcoin higher. The increasing momentum fueled by the strong inflows will likely catch many short positions off guard, forcing them to liquidate. If this liquidation occurs, it could lead to a sharp rise in the price of HBAR, further solidifying its bullish outlook.
HBAR is currently trading at $0.194, just below the significant resistance level of $0.200. The altcoin has shown consistent growth over the past month, and with the current positive market sentiment, it is likely to continue rising. A successful break above $0.200 could confirm the bullish momentum and open the path for further gains.
Should HBAR manage to flip $0.200 into support, a rise to $0.220 would likely follow, triggering the $70 million in short liquidations. This would create additional upward pressure, accelerating HBAR’s price move and potentially pushing it higher in the short term.
However, if HBAR fails to maintain its upward trajectory and falls below the uptrend line, the price could slip under the $0.182 support level. Such a decline would likely bring HBAR to around $0.167, invalidating the current bullish outlook. Therefore, traders should closely monitor these key levels to determine the next steps for HBAR’s price action.
MicroStrategy which has rebranded to Strategy announced yet another major Bitcoin purchase. The latest purchase was made between April 21 and April 27. The purchase was completed on April 28, 2025 and has brought MicroStrategy’s total Bitcoin holdings to 553,555 BTC.
MicroStrategy Buys 15,355 Bitcoin For $1.42 Billion
As per the details from their announcement, this time the firm purchased 15,355 BTC for approximately $1.42 billion. The purchase was made at an average price of $92,737 per bitcoin. Company executive chairman Michael Saylor shared the news on X.
According to Saylortracker, the company’s Bitcoin portfolio is now valued at approximately $52.76 billion. This stash has seen a major pump from their cost basis of approximately $37.90 billion.
$MSTR has acquired 15,355 BTC for ~$1.42 billion at ~$92,737 per bitcoin and has achieved BTC Yield of 13.7% YTD 2025. As of 4/27/2025, we hodl 553,555 $BTC acquired for ~$37.90 billion at ~$68,459 per bitcoin. https://t.co/5OOs3UdWLg
MicroStrategy’s latest purchase of 15,355 BTC continues a pattern of aggressive Bitcoin acquisition that has accelerated in recent months. According to the company’s portfolio tracker, this latest purchase on April 28, 2025, follows several other purchases made in quick succession during the past six weeks.
On April 21, 2025, just one week prior to the latest purchase, the company bought 6,556 BTC for $555.8 million at an average price of $84,785 per bitcoin. This followed an April 14, 2025, purchase of 3,459 BTC for $285.8 million at $82,618 per bitcoin. Amidst the purchase, MicroStrategy and Metaplanet have seen a $5.1 million gain from BTC Treasury operations.
Strategy’s BTC Purchases From March Are Profitable
March 2025 was particularly active, with two major purchases: 22,048 BTC acquired on March 31 for $1.92 billion at $86,969 per bitcoin, and 6,911 BTC purchased on March 24 for $584.1 million at $84,529 per bitcoin. The company also made a smaller acquisition of 130 BTC on March 17 for $10.7 million.
All of MicroStrategy’s Bitcoin purchases from March 2025 to date are currently profitable. The company’s March 31 purchase of 22,048 BTC has generated the largest absolute profit at $179,377,818.72.
At $92,737 per bitcoin, this most recent purchase was executed at a price more than 35% higher than the company’s overall average acquisition cost of $68,459. Despite Bitcoin trading highly volatile, Saylor has shown no hesitation in continuing the accumulation strategy.
In his announcement tweet, Saylor highlighted the “BTC Yield of 13.7% YTD 2025” and shared attention to Bitcoin’s performance this year. MicroStrategy’s Bitcoin holdings now account for approximately 2.63% of the total circulating Bitcoin supply of 21 million coins. Bitcoin price was now trading $95,000 at press time.