- Bitcoin Dominance dropped to 58.14% after 66% rejection, losing its macro uptrend structure.
- Analysts watch 57.68% support as a breakdown could confirm the start of a major altcoin season.
- Altcoin market cap nears $1.63T, with DOGE and AVAX leading gains as altseason signals strengthen.
Bitcoin Dominance has weakened after rejection from the lower high of 66%. The rejection forced the index to lose its macro uptrend, shown by the light blue trendline, which reduces the likelihood of revisiting the 71% level. This change has shifted attention toward altcoins as dominance moves closer to key support.
Bitcoin Dominance Faces Macro Downtrend Risk
According to analysis prepared by Rekt Capital, the rejection at 66% caused Bitcoin Dominance to lose its macro structure. Current data shows dominance standing at 58.14%, falling from June’s peak of 66%, which is an 11.9% decline.
The breakdown signals weaker strength for Bitcoin’s share of the market. Rekt Capital explained, “This Lower High rejection has caused Bitcoin Dominance to lose its Macro Uptrend, therefore drastically undermining chances for a revisit of 71%.”
For a complete breakdown, Bitcoin Dominance would need to turn either the 60% level or the former uptrend into resistance. However, such confirmation is not required for the shift to remain valid.
Altcoin Season Signals Strengthen
Analysts are now watching the green 57.68% support level, which could trigger a broad altcoin rally if broken. According to an observation by Daan Crypto, the total altcoin market capitalization is approaching $1.63 trillion, near its all-time high of $1.64 trillion in 2021.
He said that once the altcoin market as a whole returns to price discovery, it will likely kick off wider excitement and risk on for alts. The Blockchain Center’s altseason index has climbed to 76 out of 100, its highest since December 2024. CoinGlass and CoinMarketCap indicators also confirm stronger altcoin performance relative to Bitcoin.
Dogecoin has risen more than 5% to $0.25, and Avalanche gained nearly 11% to reach $29, its highest since January. With Bitcoin trading near $113,750 and the total crypto market cap at $3.88 trillion, analysts suggest a new macro downtrend in dominance may favor broader capital rotation into altcoins. Losing the 57.68% support could mark the official start of a major altcoin season.
