The cryptocurrency market is experiencing significant shifts, with Bitcoin reaching a new all-time high of $104,000 before undergoing a sharp correction, dropping 14.84% and triggering a $1.1 billion liquidation. This volatility has sparked discussions about potential market exhaustion, especially with long-term holders selling off 828,000 BTC in the last 30 days, potentially signaling a market peak. Meanwhile, altcoins are gaining momentum, with the CoinMarketCap's Altcoin Season Index rising from 27 in October to 70 in November, and the market cap of the top 100 altcoins increasing from $1 trillion to $1.47 trillion. Notable performers include Ethereum (ETH), which broke through $4,000, and other altcoins like HBAR (+612%), XLM (+403%), and ALGO (+309%) significantly outpacing Bitcoin's 32% monthly gains. This surge in altcoin performance has led to speculation about the beginning of an 'altcoin season,' where alternative cryptocurrencies could lead market gains. Bitcoin dominance has dropped from 59.0% to 56.7%, reflecting the rising interest in altcoins.