Bitcoin dominance surged past 65% after BlackRock clients injected $3.9B, sparking an 11.87% BTC price increase and a $192B market cap rise.
BTC’s breakout above $1.72T in mid-April formed a strong structure of higher lows, with $1.94T now acting as critical near-term resistance.
Analysts warn BTC dominance may be nearing a macro peak, raising the likelihood of altcoin strength if historical patterns play out again.
Bitcoin's dominance has risen sharply, crossing 65% for the first time in years and approaching historical resistance. Analysts now debate whether this signals a final macro leg for BTC or a coming shift favoring altcoins.
BTC Dominance Hits a New Milestone
The total crypto market cap attributed to Bitcoin recently touched $1.88 trillion after a sharp mid-April breakout. Volume reached $23.91 billion, maintaining strength through a tight consolidation range. The market currently hovers near a multi-week high of $1.94 trillion.
Source: Crypto Seth
As we can see from the post above, a bullish analyst, Crypto Seth, has provided insights into BTC’s recent dominance. He explained that during a brief accumulation phase, BlackRock clients added $3.9 billion in net buys. According to Seth, this influx helped boost BTC price by 11.87% and added $192.4 billion to the market cap.
The surge began on April 15th, once the BTC market cap breached the $1.72 trillion level decisively. He noted that capital inflows pushed prices steadily upward, with dominant green candles reflecting sustained buying pressure. The consolidation zone between $1.85 and $1.94 trillion now serves as a launchpad or potential distribution area.
What’s even more compelling is that BTC has maintained its gains without re-entering the earlier sideways range near $1.72 trillion. The structure shows higher lows, while volume has held steady. Seth emphasized this move as just a “snack,” implying further upside remains possible.
Rekt Capital Warns of Topping Structure Ahead
Rekt Capital, however, presents a more cautious view, focusing on longer-term resistance. His analysis tracks Bitcoin dominance over several years, noting a consistent pattern near current levels. According to his chart, BTC.D is now testing the 65.11% zone—previously a multi-cycle top.
Source: Rekt Capital
Let’s not overlook the fact that 71.04% remains the all-time high, last visited in early 2017. He added that BTC’s move above 63.96% turned resistance into support, reinforcing bullish momentum for now. Still, this doesn’t mean everything is settled, as historical patterns warn of potential reversals near current dominance levels.
Not only that, but there’s also growing pressure from altcoins poised for rotation should BTC dominance weaken. The monthly chart, Rekt Capital notes, signals the possible start of BTC’s final dominance leg. If so, the shift may soon favor alternative assets in the broader crypto market.
