Bitcoin Dominance Declines to 60.96% Amid Growing Altcoin Momentum and Market Rotation

Key Points

1. Bitcoin dominance fell below 61%, signaling a structural market shift, while Ethereum dominance dropped from 66% to 60.96%.

2. Ethereum and Chainlink led the altcoin resurgence with weekly price increases of 25.6% and 26.85%, respectively, due to zkEVM upgrades and demand for decentralized oracle solutions.

3. The ETH/BTC ratio rose to 0.0318, reflecting growing investor confidence in Ethereum's market potential.

4. Stablecoin liquidity expanded, with weekly volumes reaching $364 billion and a spot-to-perpetual trading ratio surge to 0.26, the highest since March.

5. Over 30% of Bitcoin's supply has been dormant for five years, with 7.5% considered permanently lost.