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This article is also available in Spanish.
Raoul Pal, the founder of Real Vision and an outstanding trade name, said on Wednesday that the domination of the Bitcoins could exceed this cycle.
In post X PAL said that the signals of the demark indicators indicate the potential that the change is inevitable after a few months of bitcoins at the top of the market. Pal noticed that all lists of daily, weekly and monthly charts are flashing The best signals About the domination of bitcoins.
The domination of Bitcoins is currently almost 65%, which has been constantly increasing since December 2024. Despite this growth, it still reached the highest level of 2021 of 74%, i.e. the highest level of 2017 before. According to PAL, it indicates the weakening trend of the percentage of the cryptographic market dominated by Bitcoin overtime.
Demark tops flash warning warning signs
The PAL relied on the tools of technical analysis called demark indicators, developed by the market veteran Tom Demark. They are used to identify when the trend can lose the momentum. Although Pal did not find out exactly what exactly he observed the signals, one of the sequential TD functions is to find such turning points.
I think that the domination of BTC has ended today. There are daily, weekly and monthly peaks of DEMARK, and the top is well below 2021 TOP, and it was below the summit 2017.
If it goes, this is a characteristic sign of the next phase of the banana zone. Let’s see …
– Raoul Pal (@raoulgmi) May 8, 2025
Currently, Bitcoin is over 6% higher than the beginning of 2025 and has just regained the level of 103 thousand. USD. The coin slowly reaches the threshold of USD 105,000. But while Bitcoin becomes higher, most other cryptocurrencies were unable to keep up.
Altcoins have fallen
Statistics indicate that the Total2 indicator, which records the value of the cryptographic market, excluding bitcoins, has dropped by almost 20% this year. He dropped from $ 1.34 trillion to $ 1.07 trillion. This difference between Bitcoins and the rest of the market has contributed to the enhance in Bitcoin’s dominance. If the PAL analysis is correct, this difference will soon start to narrow.
He believes that as soon as the domination of the bitcoins reaches the peak, the money can start entering Altcoins. Traders usually focus on Bitcoin to smaller coins as soon as they feel that the best coin is over. This happened earlier, and Pal thinks that the same can happen.
The theory of banana zones
Pal also mentioned what he calls “Banana zone”. This is his terminology for the period when prices accelerate the pointed, curved trajectory – something like a banana. It divides it into three stages. He says that the first phase began in November 2024, when cryptography prices began to explode.
Now he believes that we are entering the second phase, which he calls “the peculiarity of bananas.” This is the part in which Altcoins begin to grow faster than Bitcoin, because more investors are starting to hunt for greater profits in more risky coins. This usually happens when people begin to see earnest movements on smaller tokens.
Altcoin season can be on the way
Pal message is crystal clear: Bitcoin time at the top can ponderous down. If the technical indicators are correct, altcoins may soon take a central place. It wouldn’t be the first time. In previous runs, Capital turned from Bitcoin and to Altcoins when the dominance of the best coin fell off.
A distinguished picture from Unsplash, TradingView chart
