- Bitcoin dominance slid to 59.50%, breaking the 60.43% support level on the 4-hour chart.
- Altcoin market cap added $45.51B in a week, closing at $1.08 trillion.
- ETH/BTC has surged 120% from 2025 lows, nearing major resistance.
Bitcoin’s grip on the market is slipping, and altcoins are seizing the moment. Fresh technical patterns, sharp dominance drops, and a $45B surge in altcoin market cap are fueling talk of an incoming altcoin season.
Altcoin Season Indicator Flashes Bull Flag
According to data shared by Merlijn The Trader, the Altcoin Season Index has formed a textbook bull flag pattern. The chart displays a sharp upward movement forming the flagpole, followed by a brief consolidation within a downward-sloping channel. This technical structure often signals continuation of the prior trend upon breakout, which now appears underway.
The index currently reads 51, slightly above neutral, indicating a potential early-phase shift toward altcoin market dominance. If the breakout confirms and momentum continues,it enters Altcoin Season territory. This would reflect a significant capital rotation from Bitcoin into alternative cryptocurrencies, potentially triggering rapid and broad-based altcoin rallies.
TC Dominance Cracks Key Support
Bitcoin dominance has pulled back sharply, dropping from above 61.50% to 59.50% within days, according to data shared by Rony Kapoor. The move followed after repeated failures to hold above 60.60%, eventually breaking through the 60.43% level.The zone acted as firm support. That same level is now a short-term ceiling for any attempts to recover.
The 4-hour chart shows a clear sequence of lower highs and lower lows. Sellers have kept pressure on the market, with multiple long red candles signaling relief. The next support rests near 59.00%, which could be tested if the downtrend continues. The change signals that traders are moving capital away from Bitcoin and into altcoins.
Altcoin Market Cap Builds Momentum
Figures from Crypto Monkey on X highlight the growing strength in the altcoin market. The total market cap excluding Bitcoin and Ethereum closed the week at $1.08 trillion, up 4.38% from the prior week. That’s a $45.51 billion jump, marking two straight weeks of gains.
This rise follows a rebound from the $930 billion zone, a level that has consistently acted as a base since mid-2023. Maintaining a position above the $1 trillion mark for consecutive weeks adds weight to the bullish sentiment. Traders are now eyeing $1.14 trillion as the next major hurdle.
