- Bitcoin Dominance dropped from 62.24% after a three-year climb, signaling rising altcoin strength.
- Ethereum leads the altcoin push, gaining traction as BTC loses short-term dominance.
- Next major Bitcoin Dominance support lies near 48.90%, a level watched by traders.
Bitcoin Dominance is pulling back after hitting a strong resistance zone, giving altcoins room to run. Ethereum is leading the way, as traders watch whether BTC’s share of the crypto market will continue to decline.
Dominance Rejected at Resistance
Bitcoin Dominance (BTC.D), a metric tracking Bitcoin’s share of the total crypto market cap, has shown weakness after a strong run. According to Daan Crypto Trades on X, the chart turned bearish on lower timeframes after rejecting resistance near 62.24%.
Historical price action confirms the importance of this level. Dominance previously faced sharp rejections at 71.37% in 2019, 2021, and again in 2025. Each rejection was followed by heavy downside moves. The latest reversal has already brought BTC.D down to 59.46% by mid-August.
Looking back, BTC.D had climbed steadily since 2022, rebounding from a cycle low near 39.11%. That recovery stretched into 2024 and 2025, pushing Bitcoin’s market share above 50%. But the rejection at 62.24% now hints at a fresh rotation into altcoins.
Ethereum Leads Altcoin Strength
The current dip in dominance has coincided with stronger performances from major altcoins, particularly Ethereum. While Bitcoin has already set a new all-time high above $124,000 this year, ETH is still below its $4,800 peak from 2021.
That gap has made Ethereum attractive to traders betting on a catch-up rally. With dominance sliding, ETH and other leading altcoins have started to show stronger relative gains, reversing a trend where Bitcoin held the spotlight for almost three years.
If the decline in dominance extends, analysts suggest a move toward the 48%–49% range could unlock heavy momentum for altcoins, just as seen in past cycles.
What Comes Next for BTCD
Bitcoin Dominance remains well above its 2022 lows but is now trending lower. The nearest key support lies at 48.90%, with deeper support between 39.80% and 39.11%.
For altcoins, this opens a potential window of opportunity. Traders are closely watching the triangle of dominance, resistance, and support levels to gauge whether this pullback is temporary or the start of a bigger trend shift.
As Daan Crypto Trades notes, the trend remains the guide. For now, altcoins are finally enjoying some breathing room as Bitcoin’s market share cools from its peak.
