Bitcoin Dominance Surges Past 64% – Is This The End Of The Altcoin Rally?

Bitcoin just bulldozed past 64% market dominance—and altcoin bulls are sweating. Here’s why the ‘flippening’ narrative just hit a wall.

### The King Isn’t Dead—It’s Hogging The Throne

While crypto Twitter hyped an altseason revival, BTC’s relentless grip on market share exposes a harsh truth: most ‘Ethereum killers’ are just exit liquidity with extra steps.

### Liquidity Vampires Strike Again

When Bitcoin flexes, altcoins bleed. Retail’s hopium for small-cap moonshots keeps getting crushed by institutional cold feet—turns out Wall Street still prefers digital gold over meme coin roulette.

### The Cynic’s Take

Altcoin maximalists coping harder than a Lehman Brothers HR rep in 2008. Newsflash: your ‘fundamentals’ don’t matter when macro winds favor the OG crypto.

Bitcoin Dominance Surge Dashes Hopes Of Altcoin Season

In an X post, Daan Crypto stated that the bitcoin Dominance shows no signs of stopping following the latest surge above 64%. He indicated that the dominance will only continue to rise as more treasury companies try to accumulate Bitcoin. Meanwhile, on the other hand, hopes of an altcoin season fade away as many altcoins are plagued with big unlocks and downtrending momentum. 

Daan crypto also alluded to how there was a short squeeze last month on Ethereum, which took a lot of coins with it. However, this momentum quickly faded afterwards, again dashing hopes of an altcoin season. The analyst explained that there wasn’t sufficient spot bid to bid most of these coins up further. 

Meanwhile, he cautioned market participants to pick their altcoin investments wisely. Daan Crypto remarked that most of them will underperform BTC over a larger timeframe. His warning suggests that the Bitcoin dominance will continue to trend upwards while an altcoin season may not happen anytime soon. 

Basically, there is a lack of interest and capital in these altcoins to spark an altcoin season, which could see them outperform BTC. Meanwhile, the Bitcoin dominance is surging thanks to massive adoption from institutional investors. These companies are looking to adopt Strategy’s playbook or gain exposure through the Bitcoin ETFs. 

BlockchainCenter data shows that it is still Bitcoin season and nowhere NEAR altcoin season. For it to be altcoin season, 75% of the top 50 coins need to have outperformed BTC over the last 90 days. Only ten altcoins have outperformed the flagship crypto during this period. 

Altseason Is Still Coming, But Slowly

In an X post, crypto analyst Astronomer assured that the altcoin season is still coming, although it could take a while. He noted that the price remains the same for these altcoins, but declared that nothing has changed. The analyst remarked that this lines up with the overall plan of the Bitcoin price ranging till the end of June and altcoins remaining in their local ranges. 

Astronomer also indicated that BTC needs to break out while the Bitcoin dominance remains below 65% for all parts of the plan for an altcoin season to be completed. The analyst urged market participants to be patient, expressing his confidence that an altcoin season WOULD still occur.

At the time of writing, the bitcoin price is trading at around $107,300, up in the last 24 hours, according to data from CoinMarketCap.