- Bitcoin dominance is slipping as technical charts flash bearish signals and altcoins gain ground with renewed investor interest.
- Analysts expect a $15T altcoin market cap as metrics like the Altcoin Season Index show a strong rotation away from Bitcoin.
- DeFi activity is surging alongside altcoins, signaling rising demand for newer crypto sectors as traders seek bigger returns.
The crypto market is heating up again. The total market cap has reached $3.92 trillion, up 1.70% in the last 24 hours. However, trading volume slipped 5.55% to $149.95 billion. Bitcoin dominance has fallen to 60.18%, down 0.84%—and this small shift could be the beginning of a massive altcoin rally. Experts now believe that the long-awaited altseason is finally starting, with signs pointing to stronger momentum for alternative cryptocurrencies.
Bitcoin’s Grip Loosens as Altcoin Metrics Turn Bullish
According to Titan of Crypto, Bitcoin’s monthly dominance chart has formed a bearish engulfing candle. At the same time, the MACD indicator shows a bearish cross. These are early warning signs of a reversal. Hence, Bitcoin may begin to lose market share to altcoins, similar to previous cycles.
Source: Titan of Crypto
From 2017 to 2018, Bitcoin’s dominance dropped from 80% to 35%, leading to huge altcoin gains. That historical trend is now flashing again. Momentum is shifting, and technical patterns suggest a move away from Bitcoin. Moreover, the trendline from 2017 shows a long-term decline in Bitcoin’s dominance.
Notably, this time the transition appears more structured. The crypto market is now more mature, with signals from charts and indicators.
Altcoin Season Index Signals Explosive Growth
Wimar.X, a leading crypto analyst, confirms that the Altcoin Season Index has triggered a key breakout. The current pattern, called “resist consolidation,” formed after a massive initial pump. The index is now heading toward levels last seen in 2021.
Source: Wimar.X
During that time, altcoins like Solana, Dogecoin, and Cardano posted massive gains. Hence, analysts now expect a $15 trillion altcoin market cap in this cycle. This projection reflects growing investor confidence in altcoins over Bitcoin.
Additionally, DeFi volume is growing fast, now contributing $42.15 billion or 28.11% of total trading activity.
