June 14, 2025, the cryptocurrency market is experiencing a significant phase characterized by high Bitcoin dominance, suggesting that an altcoin season has not yet fully materialized.
Bitcoin's dominance in the cryptocurrency market has reached approximately 61.5%, a level not seen since early 2021. This surge is attributed to increased institutional investment, particularly following the approval of Bitcoin
exchange-traded funds (ETFs) in early 2024. Major hedge funds have significantly increased their Bitcoin holdings, contributing to this dominance .
🚫 Altcoin Season: Still Awaited
Despite some early signs of altcoin activity, such as increased trading volumes and the performance of certain altcoins, a full-fledged altcoin season has not commenced. The Altcoin Season Index remains below the critical 75% threshold, indicating that fewer than 75% of the top 50 altcoins are outperforming Bitcoin .
Additionally, the Total2 market capitalization, which excludes Bitcoin, has declined by approximately 17% since the beginning of the year, reflecting a lack of substantial capital rotation into altcoins .
🔎 Key Indicators to Watch
Bitcoin Dominance: A sustained decrease below 57.3% could signal the onset of an altcoin season .
Altcoin Season Index: A reading above 75% is typically considered indicative of an altcoin season.
Market Capitalization Metrics: Observing the performance of Total2 and Total3 market capitalizations can provide insights into the relative strength of altcoins.
📈 Current Market Snapshot
Cryptocurrency Price (USD) 24h Change (%)
Bitcoin ($BTC ) $105,102 +0.23%
Ethereum ($ETH ) $2,541.30 +0.07%
XRP $2.17 +0.93%
Dogecoin (DOGE) $0.178 +2.05%
Solana (SOL) $145.89 +0.57%
Polygon (MATIC) $0.202 +1.10%
While Bitcoin continues to lead the market, the current high dominance levels suggest that an altcoin season has not yet begun. Investors should monitor key indicators such as Bitcoin dominance, the Altcoin Season Index, and market capitalization metrics to identify potential shifts in market dynamics.