{"id":21641,"date":"2025-06-11T12:00:16","date_gmt":"2025-06-11T12:00:16","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2025\/06\/11\/analyst-says-there-will-be-no-altcoin-season-if-btc-d-reaches-ath\/"},"modified":"2025-06-11T12:00:16","modified_gmt":"2025-06-11T12:00:16","slug":"analyst-says-there-will-be-no-altcoin-season-if-btc-d-reaches-ath","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2025\/06\/11\/analyst-says-there-will-be-no-altcoin-season-if-btc-d-reaches-ath\/","title":{"rendered":"Analyst Says: \u201cThere Will Be No Altcoin Season If BTC.D Reaches ATH\u201d"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Bitcoin\u2019s share of the cryptocurrency market has surged to levels not seen in four years, approaching the psychologically significant 75% threshold.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite Bitcoin itself trading slightly below its May 22 all-time high of $111,970, its dominance (BTC.D) has continued to climb, signaling an imbalanced recovery that heavily favors BTC over other digital assets.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_BTC_Dominance_BTCD\"\/>What Is BTC Dominance (BTC.D)?<span class=\"ez-toc-section-end\"\/><\/h2>\n<p>Bitcoin Dominance, abbreviated as BTC.D, measures Bitcoin\u2019s share of the total cryptocurrency market capitalization. It reflects the proportion of capital allocated to Bitcoin relative to all other digital assets. A rising BTC.D typically indicates that capital is consolidating in Bitcoin at the expense of altcoins, often signaling risk-off sentiment or institutional preference for BTC\u2019s liquidity and regulatory clarity.<\/p>\n<p>Conversely, a declining BTC.D suggests growing interest in altcoins and the potential for broader market speculation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoins_Market_Share_Nears_Four-Year_Highs\"\/><strong>Bitcoin\u2019s Market Share Nears Four-Year Highs<\/strong><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Bitcoin dominance surpassed 64% in early May, reaching its highest point since January 2021. Recent data from TradingView shows BTC.D oscillating between 64% and 65%, marking a sustained period of outperformance against altcoins.<\/span><\/p>\n<div id=\"attachment_155164\" style=\"width: 1827px\" class=\"wp-caption alignnone\"><noscript><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-155164\" class=\"lazyload size-full wp-image-155164\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/06\/image1-20.png\" alt=\"Bitcoin\u2019s Market Share Nears Four-Year Highs\" width=\"1817\" height=\"909\"\/><\/p>\n<p id=\"caption-attachment-155164\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">TradingView<\/a><\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Notably, this rise has occurred even as Bitcoin prices hover just below new record highs, suggesting capital is rotating toward BTC without needing fresh all-time peaks.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Coingecko reports Bitcoin\u2019s market capitalization now sits at $2.18 trillion, comprising 61% of the $3.54 trillion crypto market. When excluding BTC and ETH (TOTAL3), the altcoin sector is still battling to reclaim April\u2019s $1.17 trillion resistance \u2013 a fight it is currently losing.<\/span><\/p>\n<p><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-155165\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/06\/image6-10.png\" alt=\"Bitcoin\u2019s Market Share Nears Four-Year Highs\" width=\"1816\" height=\"917\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" class=\"lazyload alignnone size-full wp-image-155165\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/06\/image6-10.png\" alt=\"Bitcoin\u2019s Market Share Nears Four-Year Highs\" width=\"1816\" height=\"917\"\/><\/p>\n<p><span style=\"font-weight: 400;\">The BlockchainCenter Altcoin Season Index, which signals altcoin strength when 75% of the top 50 coins outperform BTC over 90 days, currently stands at 22 \u2013 deep in \u201cBitcoin Season\u201d territory. The ongoing altcoin bear phase has now stretched over 1,200 days, the longest in the industry\u2019s history.<\/span><\/p>\n<div id=\"attachment_155166\" style=\"width: 2009px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-155166\" class=\"size-full wp-image-155166\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/06\/image2-12.png\" alt=\"Bitcoin\u2019s Market Share Nears Four-Year Highs\" width=\"1999\" height=\"645\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-155166\" class=\"lazyload size-full wp-image-155166\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/06\/image2-12.png\" alt=\"Bitcoin\u2019s Market Share Nears Four-Year Highs\" width=\"1999\" height=\"645\"\/><\/p>\n<p id=\"caption-attachment-155166\" class=\"wp-caption-text\">Source: BlockchainCenter<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Leading altcoins are still well off their all-time highs. Ether remains 64% below its November 2021 peak, while Solana is still down 36%. Meanwhile, TOTAL3 continues to be rejected at key resistance levels, casting doubt on a near-term rotation.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Capital_Keeps_Flowing_Into_Bitcoin\"\/><strong>Capital Keeps Flowing Into Bitcoin<\/strong><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">Since the U.S. Securities and Exchange Commission approved spot Bitcoin ETFs in early 2024, institutional capital has poured into these products at a scale previously unseen in crypto markets. Over $1 billion in net inflows have entered BTC-focused ETFs, reflecting a new wave of professional investor participation. Registered investment advisers and wealth managers now dominate ETF shareholder registries, according to CoinDesk\u2019s 13F filings.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In contrast, Ethereum ETFs recorded $228 million in net outflows in Q1 2025. Analysts interpret the disparity as a clear signal that institutions prefer Bitcoin as a \u201cfirst exposure\u201d asset due to its longer track record, perceived regulatory safety, and higher liquidity profile.<\/span><\/p>\n<div id=\"attachment_155167\" style=\"width: 970px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-155167\" class=\"size-full wp-image-155167\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/06\/image5-9.png\" alt=\"Capital Keeps Flowing Into Bitcoin\" width=\"960\" height=\"507\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-155167\" class=\"lazyload size-full wp-image-155167\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/06\/image5-9.png\" alt=\"Capital Keeps Flowing Into Bitcoin\" width=\"960\" height=\"507\"\/><\/p>\n<p id=\"caption-attachment-155167\" class=\"wp-caption-text\">Source: CoinDesk<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Bitcoin continues to benefit from its de facto regulatory clarity. It is widely classified as a commodity by U.S. agencies like the CFTC, unlike many altcoins still entangled in legal gray areas or enforcement actions. Financial News London reports that hedge funds such as Millennium Management and Brevan Howard have significantly expanded positions in Bitcoin ETFs since their approval.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the absence of regulatory approval for crypto basket ETFs, those that include altcoins, has limited broader institutional diversification, reinforcing Bitcoin\u2019s primacy in regulated portfolios.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin\u2019s deep liquidity remains one of its most compelling attributes, especially during uncertain macroeconomic environments.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Macro risks like renewed tariff conflicts, Fed policy ambiguity, and geopolitical flare-ups have prompted portfolio managers to seek refuge in the most liquid crypto asset available. Mitrade\u2019s cross-exchange data confirms that during sharp market drawdowns, BTC.D actually increases, showing that traders offload altcoins first.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This pattern has become self-reinforcing: the more Bitcoin dominates liquidity flows, the more cautious capital it attracts, further marginalizing altcoins during volatility spikes.<\/span><\/p>\n<blockquote>\n<p>Read more: <a href=\"https:\/\/nftevening.com\/free-crypto-signals-evening-trader-channel\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Trading with Free Crypto Signals in Evening Trader Channel<\/a><\/p>\n<\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"Can_Altcoin_Season_Break_Free\"\/><strong>Can Altcoin Season Break Free?<\/strong><span class=\"ez-toc-section-end\"\/><\/h2>\n<p><span style=\"font-weight: 400;\">U.S. spot Ethereum ETFs have entered a strong inflow streak \u2013 15 consecutive days with approximately $837.5 million added since mid\u2011May, bringing cumulative 2025 inflows to over $3.3\u202fbillion. With BlackRock\u2019s ETHA leading (~$600M), a successful U.S. listing could reorient institutional funds toward ETH and away from BTC.<\/span><\/p>\n<p><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-155168\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/06\/image3-12.jpg\" alt=\"Can Altcoins Break Free?\" width=\"1616\" height=\"1012\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" class=\"lazyload alignnone size-full wp-image-155168\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/06\/image3-12.jpg\" alt=\"Can Altcoins Break Free?\" width=\"1616\" height=\"1012\"\/><\/p>\n<p><span style=\"font-weight: 400;\">On\u2011chain risk models from AInvest show a 90% probability that easing Fed policy could trigger an altcoin rally. The CME FedWatch Tool still assigns about a 4.6% chance of a rate cut in early June, but if cuts materialize later, historical patterns suggest smaller\u2010cap cryptos could rally in tandem.<\/span><\/p>\n<div id=\"attachment_155169\" style=\"width: 1297px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-155169\" class=\"size-full wp-image-155169\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/06\/image4-12.png\" alt=\"Can Altcoins Break Free?\" width=\"1287\" height=\"726\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-155169\" class=\"lazyload size-full wp-image-155169\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/06\/image4-12.png\" alt=\"Can Altcoins Break Free?\" width=\"1287\" height=\"726\"\/><\/p>\n<p id=\"caption-attachment-155169\" class=\"wp-caption-text\">Source: CME Group<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Moreover, new thematic bets, like AI-linked tokens, real\u2011world\u2010asset plays, or industry\u2010specific protocols, may briefly decouple from BTC\u2011dominated trends. However, these sectors currently lack ETF channels or robust institutional exposure, making any breakout vulnerable without broader adoption drivers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Still, note that even bullish technical signals like a golden cross on the TOTAL3 chart require new capital inflows to be meaningful, capital that remains concentrated in Bitcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Structural advantages regulatory, liquidity, and institutional currently favor BTC. Unless one of those levers shifts, or a disruptive catalyst breaks the dominance trend, altcoin investors may continue to face tough headwinds as Bitcoin consolidates its role as crypto\u2019s liquidity king.<\/span><\/p>\n<blockquote>\n<p>Read more: <a href=\"https:\/\/nftevening.com\/when-will-altcoin-season-begin\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">When Will Altcoin Season Begin?<\/a><\/p>\n<\/blockquote>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/there-will-be-no-altcoin-season\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=there-will-be-no-altcoin-season\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s share of the cryptocurrency market has surged to levels not seen in four years, approaching the psychologically significant 75% threshold. Despite Bitcoin itself trading slightly below its May 22 all-time high of $111,970, its dominance (BTC.D) has continued to climb, signaling an imbalanced recovery that heavily favors BTC over other digital assets. What Is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2025\/06\/BTCATH.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/21641"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=21641"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/21641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/21642"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=21641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=21641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=21641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}