The Rising Bitcoin Dominance Metric Hints at an Approaching Altcoin Season

Bitcoin Dominance, a metric indicating Bitcoin's market share in relation to the entire crypto market, has risen to 64%. According to crypto analyst Rekt Capital, this surge may not only be a technical benchmark but also a precursor to a broader trend where Bitcoin could potentially control as much as 71% of the digital asset market.

This increase in dominance typically indicates a flow of capital into Bitcoin at the expense of altcoins, often representing a "risk-off" approach. The analyst suggests that this could lead to an "altcoin season," where other digital assets outperform Bitcoin, attracting significant investor interest. Currently, Bitcoin's market share is 63.8%, close to the 64% threshold.

If predictions hold, we could see a rise to 71% within weeks, potentially prompting a market rotation.