The crypto landscape lives a silent earthquake. While altcoins were trying to rise to the light, a giant has regained control: Bitcoin. At the end of 2024, the “Altcoins season” died out, giving way to an overwhelming domination of the BTC. According to Rekt Capital, an analyst respected, Bitcoin could reach 71 % market share before any Altcoin Renaissance. A scenario that resonates as a warning for too optimistic investors. But how did we get there? And what does this dynamic reveal on market evolution?
Bitcoin: The return of the king?
The figures speak for themselves. In early December, the domination of Bitcoin hit a 55 %floor, a level that served as a springboard for a dazzling ascent.
In a few weeks, the BTC climbed 64.3 % market share. For Rekt Capital, this trajectory is not surprising. It is part of a recurring scheme: Bitcoin always takes up power before temporarily giving way to altcoins.
But this time, the mechanics seem more brutal. Institutional ETFs, political speculation (such as the strategic reserves mentioned by Trump) and halving injected a dose of unprecedented adrenaline in the veins of the BTC.
History tells us that Bitcoin must cross 71 % of domination to relaunch the “Altcoins season”. A paradox? Not really. This level symbolizes a peak of extreme confidence towards the BTC, often followed by a reflux of capital to more risky assets.
But today, the path to this threshold is strewn with pitfalls. Altcoins, weakened by massive liquidations and risk aversion, are struggling to resist. Ethereum, however leader of altcoins, has stagnated in a downward trend in the face of bitcoin for years. A low signal for the entire sector.
The “Gravestone doji” effect: a worrying omen
Some traders, such as Titan of Cryptoscrutinize the graphics with distrust. The recent “Gravestone Doji” observed on the BTC.D – a rare technical figure – evokes a potential reversal.
This training, often associated with bullish exhaustion, could announce an alarm clock.
Yet, Rekt Capital Remain categorical: as long as Bitcoin has not touched 71 %, any attempt at Rebound Altcoin is ephemeral. The hopes of a “crypto spring” are therefore based on a final climbing of the BTC.
Altcoins pay the price of a hostile environment. The Bitcoin ETFs, perceived as stability, cannibalize attention – and capital – of investors.
In a context of geopolitical tensions and high interest rates, Bitcoin embodies a refuge value, while altcoins are relegated to the rank of speculative bets.
All hope of an Altcoin revival passes through Ethereum. But Eth/BTC, the key pair, painted a dark painting.
As a downward trend for years, Ethereum has been struggling to reverse the steam. For many, a decisive break in this ratio is essential to train the rest of the market. In the meantime, investors take refuge in Bitcoin, digging the gap a little more.
Bitcoin domination is not inevitable, but a phase. The previous cycles show that after each peak, altcoins are experiencing an upturn. But the timing is crucial, the patience is therefore in order. Meanwhile, experienced traders monitor key indicators such as the RSI of the dominance of Bitcoin (BTC.D), while others remain lost to the chaos of the market.
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