Bitcoin at Crossroads: Godzilla Up or Altmania Pullback

I see Bitcoin at a bifurcation point after a $124,500 print: it can either ‘Godzilla’ up into fresh discovery, sucking liquidity out of alts, or briefly give back ground if altcoin speculation peaks and reverts. Samson Mow argues ETH and other alts are overheating and that selling pressure on ETH intensifies as it nears prior highs.

Market signals support the risk: BTC dominance falling below 60% and ETH’s 58% 30-day gain point to an altseason driven by speculative flows and DeFi momentum, even as fundamentals in tokenized real-world assets and TVL are strengthening.

My takeaway is caution — monitor dominance, ETH leadership, and DeFi inflows closely; alts may see a sharp correction that either precedes a renewed Bitcoin leg up or offers buying opportunities after the squeeze.