Here’s the latest on Bitcoin and Ethereum's market leadership:
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📊 What’s Going On?
Bitcoin Dominance at a Key Inflection Point
Bitcoin dominance is hovering around 64–65%, a resistance zone that has repeatedly triggered downside moves historically . If it rebuffs there, it could pave the way for a shift of capital into altcoins.
Ethereum Showing Strength
ETH has retaken the $3,000 level, outperforming BTC and breaking major technical thresholds like its 200‑day moving average . On‑chain metrics, including whale accumulation and robust inflows, further underscore Ethereum’s growing leadership .
**Fatigue in Bitcoin Dominance?**
Analysts point out that BTC dominance peaked at 66% on June 27, 2025, coinciding with technical exhaustion signals across RSI, MACD, and Fibonacci retracements—signs that a structural shift may be brewing .
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🔄 Two Possible Paths
Scenario What It Means
Rejection at 65% dominance BTC dominance pulls back → ETH and altcoins surge (“altseason”)
Breakout above ~66% BTC continues to capture disproportionate inflows → altcoins struggle to make headway
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Why Ethereum Specifically?
Technical breakout: ETH/BTC ratio surging above long-term averages, hinting at trend shift
Whale accumulation: 10k+ ETH holders now own ~75.7% of supply—a level not seen since 2017
Capital flows: Increased institutional inflows and network activity, including DeFi and NFT usage, reinforce ETH’s leadership
Combined, these suggest Ethereum may spearhead a broader altcoin rally.
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🚀 Outlook
Ethereum’s outperformance—technical, on‑chain, and flow‑based—suggests cap rotation from BTC might already be underway. If BTC dominance stalls here, we could indeed see a fresh altseason. However, if Bitcoin continues to dominate (>66%), ETH and other altcoins could face a prolonged consolidation.
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