Analysis of BTC.D – ETH.D – OTHERS.D (2017–2025)

1. Chart Meaning

The chart shows the market capitalization distribution of crypto:

BTC.D (purple): Bitcoin's dominance.

ETH.D (red): Ethereum's dominance.

OTHERS.D (green): Dominance of other altcoins.

This is an important indicator of cash flow and market sentiment.

2. Main Trends

Bitcoin (~59.4%): After dropping to ~40% during the 2020–2022 period, BTC.D has strongly recovered from 2023 to now. Nearly 60% of the market cap currently belongs to Bitcoin, reflecting investor dominance and a defensive sentiment.

Ethereum (~13.8%): Once reaching nearly 20% in 2021–2022, ETH.D declined to <11% in 2022–2024. Since early 2025, ETH has shown a clear recovery, currently around ~14%, indicating that cash flow is returning to Ethereum and the DeFi/NFT ecosystem.

Altcoin (~7.7%): Sharply decreased from >15% (2021) to <8%. The shrinking market share demonstrates a strong elimination, with many smaller projects losing their appeal.

3. Market Implications

BTC Dominance: When BTC.D is high, the market prioritizes safety, making altcoin profits hard to find.

ETH Recovery: Positive signal, ETH often leads before cash flow spreads to mid-cap altcoins. If it surpasses 15%, it could trigger a “mini-altseason.”

Altcoin Bleed: The small coin group is weakening significantly; only projects with real foundations will survive.

4. Suggested Strategies

Short-term: Focus on Bitcoin while monitoring ETH/BTC for opportunities from the recovery momentum.

Small Altcoins: High risk, should only selectively choose reputable projects.

Macro Trends: If BTC.D stays above 60%, altseason is unlikely. Only when ETH.D exceeds 15% and OTHERS.D recovers >10% will the altcoin wave become clear.

5. Conclusion

Currently, Bitcoin dominates the market, Ethereum is rising, while small altcoins are weakening significantly. Investors should prioritize BTC and ETH,#Cryto ,#BTC.D ,#altcoin .