Bitcoin’s market supremacy is undergoing a pronounced contraction while alternative cryptocurrencies demonstrate accelerating momentum, pushing key indicators toward traditional altcoin season thresholds. The shift could herald a substantial rotation toward non-BTC assets across global cryptocurrency markets.
Bitcoin dominance has retreated to 60.9% over a five-day span, marking its weakest position in more than four months after falling from 64.5%. Concurrently, the Altcoin Season Index registered 50%, nearing the critical 75% benchmark that historically confirms altcoin season activation.
The TOTAL2 index—tracking aggregate altcoin market capitalization excluding Bitcoin—surged 30% to $1.49 trillion after decisively breaching a resistance trendline maintained through eight years. This bullish breakout signifies substantial capital inflows toward altcoin assets.
Ethereum spearheaded the rotation with a 27% price appreciation, driving broader altcoin advances. Technical oscillators reflect growing altcoin momentum while flagging near-term bearish pressure on Bitcoin, evidenced by MACD divergence patterns.