According to Jinse Finance, James Wynn stated in an article that Bitcoin's market dominance is in free fall (data shows it has dropped to 60.76%), signaling that the time has come and the risk-on (which, based on his previous remarks, can be understood as altcoin season) period has arrived. On July 25, James Wynn noted that both Bitcoin's price and market dominance are declining simultaneously, suggesting the market may be transitioning into altcoin season.