Bitcoin Dominance Falls to 58.1% and Could Signal Altcoin Season as Market Cap Nears $1.63T

• Bitcoin Dominance dropped to 58.14% after a 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 and altseason indicators rising.

Bitcoin Dominance falls to 58.14% after 66% rejection; watch 57.68% support — track altcoin market cap near $1.63T for altseason signals. Read more.

Bitcoin Dominance drops to 58.14% after 66% rejection, with analysts eyeing 57.68% support as altcoin market cap nears $1.63T.

• 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.

What is driving the recent Bitcoin Dominance decline after the 66% rejection?

Bitcoin Dominance fell to 58.14% after failing at the 66% lower-high resistance, a move that removed the macro uptrend and lowered the probability of a return to 71%. Market participants now focus on support at 57.68% and rising altcoin market capitalization near $1.63T.

How did analysts interpret the 66% rejection and macro structure loss?

Analysts, including the independent observer Rekt Capital, noted that the 66% rejection caused the dominance index to lose its macro uptrend. This is a technical signal that weakens the case for a dominance rebound to prior highs. Rekt Capital wrote that the “Lower High rejection has caused Bitcoin Dominance to lose its Macro Uptrend, therefore drastically undermining chances for a revisit of 71%.”

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.

How could a break of 57.68% support trigger a major altcoin season?

Analysts are watching the green 57.68% support closely. A decisive break below this level would likely free capital rotation into altcoins and confirm waning Bitcoin market share. Total altcoin market cap is approaching $1.63 trillion, nearly matching the 2021 peak near $1.64T, which supports higher probability of broad altcoin participation.

Source: DaanCrypto (X)

Market indicators such as the Blockchain Center altseason index (currently 76/100) and altcoin performance metrics from market data providers show strengthening altcoin momentum. Notable movers include Dogecoin, up more than 5% to $0.25, and Avalanche (AVAX), up nearly 11% to $29 — both signaling heightened risk-on appetite among traders.

Bitcoin trades near $113,750 and the total crypto market cap stands at approximately $3.88 trillion. If dominance continues lower and loses 57.68% support, analysts say this could mark the official start of a significant altcoin season.

Frequently Asked Questions

What level confirms a shift from Bitcoin to altcoins?

Breaking and holding below 57.68% dominance would be a technical confirmation that Bitcoin’s market share is declining, increasing the odds of a sustained altcoin rotation and broader altmarket rallies.

How quickly can altcoin market cap expand after a dominance breakdown?

Market responses vary, but if dominance falls decisively, altcoin market cap can accelerate within weeks as liquidity rotates. Current altcoin cap near $1.63T suggests room for rapid gains if momentum continues.

Key Takeaways

• Dominance decline: Bitcoin Dominance is 58.14% after a 66% rejection, indicating weakened market share.
• Critical support: 57.68% is the key level — a break could confirm a major altcoin season.
• Market signals: Altcoin cap near $1.63T, DOGE and AVAX gains, and altseason indices point to rising altcoin momentum.

Conclusion

Bitcoin Dominance’s rejection at 66% and subsequent fall to 58.14% has shifted market focus toward altcoins. Watch 57.68% support and altcoin market cap near $1.63T for confirmation of a broader rotation. COINOTAG will continue monitoring on-chain indicators and market data for updates and trade-ready insights.