Bitcoin dominance don hit 61% as altcoin volume jump 49% for Binance

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

Bitcoin dominance climb reach 61% (highest since Nov 2025), from 58.44% for start of April. Since early February BTC don increase by about 36% and Bitcoin dominance hit ~61.3%, showing market still dey led by BTC. At the same time altcoin activity dey improve but no full rotation yet. For Binance, BTC-linked altcoin trading volume jump 49% inside two months, while CryptoQuant data show Binance BTC+ETH derivatives altcoin share increase from 31% for March to 49% by last Wednesday. Also 12.6% of Binance-listed altcoins don reclaim levels above the 200-day simple moving average. Broader benchmarks strong: TOTAL3 (ex BTC/ETH) rise 17% to about $765B. But recovery never complete—altcoins still trade about 23.47% below their 200-day average (vs 44.4% before). The 90-day AltSeason Index rise to 28.6, but analysts warn say no real AltSeason yet, so traders fit see selective alt bids instead of full risk-on rotation. For BTC-focused positioning the key signal remain: Bitcoin dominance still dey drive flows, even as Binance altcoin volume dey lift.

Bullish

Bitcoin dominance wey don climb reach about 61% dey signal say demand still dey led by BTC and risk allocation dey lean more towards BTC instead of broad altcoin rotation. The later update add CEX evidence: Binance BTC-linked altcoin volume +49% and CryptoQuant show say altcoin share for Binance BTC+ETH derivatives climb from 31% to 49%. Even with this betterment, altcoins still dey below dia 200-day trend (still about ~23.47% down), and analysts dey caution say e no be full AltSeason—this one support di view say BTC strength still dominant. Short-term, dis mix fit keep BTC relatively resilient while e dey allow early/limited altcoin participation (more trading activity without full sector-wide momentum). Long-term, if dominance continue, BTC fit still attract liquidity; however, the small alt recovery (AltSeason Index up to 28.6) dey show upside optionality for traders wey dey watch for rotation—just no be the aggressive 2024-style surge yet.