Two conditions are necessary for Bitcoin rally to lead to altcoin season

Bitcoin's breakthrough to an all-time high has some analysts predicting that an altcoin rally, or so-called "alt season," could follow if market conditions are right.
According to Decrypto on the 22nd (local time), Reece Hobson, an analyst at eToro Australia,
Hobson said, "The current Bitcoin rally was driven by steady inflows into U.S.-listed Bitcoin spot ETFs and favorable macroeconomic factors that stimulated investor buying sentiment."
Bitcoin has risen by more than 18% since the start of May, driving net inflows into ETF products to more than $2.8 billion and boosting total holdings to more than $122 billion.
Hobson said, "The inflow of funds from institutional investors, mainly from US Bitcoin spot ETFs, combined with the shrinking supply after the April halving, has led to Bitcoin
The latest surge was also driven by increased liquidity, weakening dollarization, and geopolitical uncertainty, the analysis said.
Attention is gradually shifting to whether Bitcoin's breakout will spread to altcoins. Hobson said, "There are two conditions that need to happen for alt season to start. Quantitative easing is the key to success."
"The Bitcoin dominance level is currently at about 61%, and the market share is still to be determined," he said.
Hobson said, "Bitcoin is the hot topic in the market right now," and "Until the true alt season begins, Bitcoin will continue to play a leading role."
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