Record Bitcoin Dominance and Liquidity Delay Altcoin Season

Published: 2025-06-20 07:28:28 |

Bitcoin dominance has surged to cycle highs near 64% as BTC breaks above $104,700, driven by strong institutional inflows and M2 liquidity with a 76-day lag. The Altcoin Season Index sits at just 21, reflecting a deep Bitcoin season as most altcoins trade 80–90% below their all-time highs. Key market indicators—including high BTC dominance, low altcoin trading volumes, and a neutral Fear & Greed Index—mirror past cycles that preceded explosive alt rallies. Traders should watch for triggers such as BTC.D dropping below 55%, the Altcoin Season Index rising above 75, increasing alt volumes, and deviations in the TOTAL3ESBTC chart. Once Bitcoin pauses or retraces after its price-discovery phase, rapid capital rotation into altcoins could ignite a new alt season.

Bullish

Extended Bitcoin dominance and record highs, fueled by institutional inflows and strong liquidity, suggest continued price momentum for BTC in both the short and long term. High dominance and delayed alt season indicate traders are rotating into Bitcoin, reinforcing bullish sentiment until clear signs of liquidity shift to altcoins emerge.