Bitcoin dominance hits 61% as altcoin volume jumps 49% on Binance

Published: 2026-05-07 00:44:51 |

Bitcoin dominance climbed to 61% (highest since Nov 2025), rising from 58.44% at the start of April. Since early February, BTC is up about 36% and Bitcoin dominance reached ~61.3%, reinforcing a BTC-led market. At the same time, altcoin activity is improving but not fully rotating. On Binance, $BTC-linked altcoin trading volume jumped 49% over two months, while CryptoQuant data shows Binance BTC+ETH derivatives’ altcoin share increased from 31% in March to 49% by last Wednesday. Also, 12.6% of Binance-listed altcoins reclaimed levels above the 200-day simple moving average. Broader benchmarks are stronger: TOTAL3 (ex BTC/ETH) rose 17% to about $765B. However, the recovery is incomplete—altcoins still trade ~23.47% below their 200-day average (vs. 44.4% earlier). The 90-day AltSeason Index rose to 28.6, but analysts warn there has been no true AltSeason yet, so traders may see selective alt bids rather than a full risk-on rotation. For BTC-focused positioning, the key signal remains: Bitcoin dominance is still driving flows, even as Binance altcoin volume lifts.

Bullish

Bitcoin dominance rising to ~61% signals continued BTC-led demand and risk allocation toward BTC rather than a broad altcoin rotation. The later update adds CEX evidence: Binance BTC-linked altcoin volume +49% and CryptoQuant showing the altcoin share in Binance BTC+ETH derivatives rising from 31% to 49%. Even with this improvement, altcoins remain below their 200-day trend (still ~23.47% down), and analysts caution there’s no full AltSeason—supporting the view that BTC strength is still dominant. Short-term, this mix can keep BTC relatively resilient while enabling early/limited altcoin participation (more trading activity without full sector-wide momentum). Long-term, if dominance persists, BTC may continue to attract liquidity; however, the modest alt recovery (AltSeason Index up to 28.6) suggests upside optionality for traders watching for a rotation—just not the aggressive 2024-style surge yet.