Bitcoin Dominance May Decline as Altcoin Momentum and DeFi Activity Show Potential Market Shift

Key Points

1. Bitcoin's dominance shows potential downward momentum with a bearish MACD crossover, similar to the 2017–2018 cycle when it dropped from 80% to 35%.

2. DeFi trading volume now accounts for over 28% of decentralized ecosystems, driving demand for altcoins and market diversification.

3. The Altcoin Season Index indicates a breakout, suggesting significant market sentiment shifts and potential high returns for altcoins linked to DeFi and emerging blockchain technologies.

4. Ethereum has surpassed the Vanguard Group in market value, reaching 28th place, and surged past $3,750, nearing a $4,000 target amid institutional interest.

5. Bitcoin ETF inflows continue to influence market dynamics, with every 10,000 BTC influx potentially boosting prices by 1.8%.