Bitcoin Hits $124,500 As Altcoin Mania Gains Momentum

– Samson Mow warns Bitcoin faces a critical juncture: a “Godzilla” rally or a pullback to enable altcoin dominance amid $124,500 price surge.

– He predicts 30-40% altcoin declines if BTC absorbs liquidity, or BTC sell-offs if altcoin mania peaks, creating the “Bagholder’s Dilemma.”

– Mow dismisses Ethereum’s 4,600,000 BTC valuation as unsustainable, while experts like Henrik Andersson highlight DeFi and tokenization-driven altcoin momentum.

– Bitcoin’s 60% dominance drop and rising altcoin volumes signal potential “altseason,” with ETH and DeFi tokens likely leading speculative inflows.