Bitcoin Dominance Rises to 59% — Glassnode Says Mean Reversion Signals a Healthier, More Sustainable Bull Market

On Oct. 1 COINOTAG reported that on-chain analytics firm Glassnode observed an increase in Bitcoin dominance, advancing from about 57% to 59% alongside price appreciation. This mean reversion in market share suggests a re-concentration of capital into Bitcoin, which can signal a more resilient market structure compared with broad-based altcoin leadership. Historical precedents indicate that Bitcoin-led bull market regimes often coincide with tighter liquidity dynamics and reduced cross-asset dispersion, benefits that institutional and retail allocators monitor closely. Market participants should incorporate dominance alongside volume, realized volatility and order-book depth to refine risk allocation decisions rather than treating the metric as a sole directional indicator.