Bitcoin dominance just broke its key trendline at 64.55% as whales load up 248K BTC, signaling altcoin season could be underway.
BTC accumulators have added $30B in Bitcoin even as dominance dips, suggesting strong long-term belief and room for altcoins to shine.
Market momentum is shifting as Bitcoin cools and altcoins attract fresh attention, driven by trendline breakdown and rising trading appetite.
Bitcoin dominance has just broken below its long-standing trendline, sparking talk of a potential altcoin season. According to Cryptoes, this move signals the beginning of a major shift in market momentum. Bitcoin dominance, which tracks BTC's share of the total crypto market, had been climbing steadily since May 2024. It started around 48% and surged to a peak near 66% in early 2025.
Source: Cryptoes
However, the latest chart shows BTC dominance slipping to 64.55%. This drop below the blue diagonal trendline may signal a reversal. Historically, such breakdowns have opened the door for altcoins to outperform. Altseason, as traders call it, usually follows periods when Bitcoin consolidates after a strong rally.
Bitcoin Accumulator Addresses Hit Record Demand
While dominance weakens, another bullish sign is emerging from behind the scenes. Analyst Darkfost from CryptoQuant reports that BTC accumulator addresses have reached record demand. These addresses only accumulate Bitcoin and have no history of selling.
Source: CryptoQuant
So far in 2025, these wallets have added around 248,000 BTC. That’s far above the monthly average of 164,000 BTC. This suggests that long-term investors are loading up on Bitcoin, even as prices hit new all-time highs.
However, if Bitcoin corrects or enters a consolidation phase, these addresses could start selling. That could bring significant selling pressure. The 248,000 BTC held by these wallets is now worth over $30 billion.
Momentum Shifts as Market Rebalances
There is a chance of a little decline, but overall attitude remains positive. The decline in Bitcoin's dominance suggests that interest in altcoins is increasing. In the meantime, the record demand from accumulators indicates that whales are placing bets on the future of Bitcoin.
As a result, the cryptocurrency market seems to be about to undergo a period of transformation. Bitcoin may cool off a little, allowing altcoins to rise. Traders might anticipate greater altcoin performance and a wider market rotation if this trend persists.
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