After a rope shot of several months between bulls and bears, Bitcoin Dominance, metric follow -up on the BTC market share compared to the entire cryptography market, increased to 64%.
According to Crypto Rekt Capital analyst, increased domination is not only a technical step, but a precursor of a broader trend that could see the first cryptocurrency order up to 71% of the digital asset market.
Recovery with historical weight
Bitcoin domination is not only a percentage; It is an impulse verification on the feeling of investors. When it increases, capital moves in BTC to the detriment of altcoins, often indicating a “risk” approach or a bet on flagship cryptocurrency as a market refuge.
Rekt Capital's analysis suggested that the recovery of 64% as a support could reflect historical models where domination exceeded 70%, a level seen for the last time during the Bitcoin Taureau 2021 race. “The road around 71% continues on a successful retain of 64%,” said the cryptographic investor.
Previously, in March and April, he explained how the domination of the BTC first faced a rigid resistance near its summits of November 2024 before managing a breakthrough in late April. The new retaining of these levels at the beginning of May now marks the “last step” of the primacy of Bitcoin, which, in the past, was followed by a sharp decline.
“The domination of Bitcoin is now positioning itself for what will most likely be its last step in its macro trend before a major collapse,” said the analyst.
Altcoin incoming season?
The expected reversal often triggers what the cryptographic community calls an “Altcoin season”. During these periods, the rest of the digital asset market tends to surpass the BTC, arousing significant interest in investors.
At the time of writing the editorial staff, the share of the market's cryptocurrency was 63.8%, a heart rate far from 64%. And if the prediction of Rekt Capital is valid, we could see a passage to 71% in a few weeks, potentially preparing the way for a rotation of the market. “This is the final countdown,” wrote the analyst.
The Bitcoin price has been on a powerful rebound since April, when it has dropped below $ 75,000. He currently changed hands to $ 96,873, increasing 0.6% in 24 hours and 3.2% in last week, in the middle of a wave of whale purchase.
But not everyone holds. As indicated above, minors discharged nearly $ 850 million BTC while trying to deal with income pressure after the yield.
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