The continuation of the domination of Bitcoins remained a decisive feature of the current market cycle, with the leading cryptographic resource received most of the inflow to the market. At the time of writing, Domination of Bitcoin In the entire market it is 60.3% after 4% growth in the last 24 hours. It is noteworthy that the Capital Capital cryptographic analyst indicated 71% domination level as an vital threshold for cryptographic investors Waiting for the Altcoin season.

Achieving 71% is crucial for the Altcoin season

The Bitcoin domination chart, which tracks the capitalization of the Bitcoin market in relation to the entire cryptographic market, has they are consistently growing This cycle, even during periods of price corrections. Bitcoin’s domination was powered by institutional demand After the introduction of ETF Bitcoin and the dynamics of market conducive to BTC as a potential reserve for countries.

The direct consequence of this extended Bitcoin domination was the ponderous efficiency of the Altcoin market. Although some altcoins, such as Solana and XRP, have Bitcoin was out For tiny periods, the capital consistently turned back to Bitcoin, preventing the gorge of the Altcoin market. However, some analysts believe that a significant change can be very close, and the dominance of Bitcoins is now sitting at a long level.

One of such analysts is the analyst known as Rekt Capital on the Social Media Platform X. His analysis reveals a historic pattern in which Altcoin seasons appear when the domination of Bitcoins reaches a key threshold, and then faces rejection.

According to the Bitcoin domination chart, which accompanied his analysis, Bitcoin’s dominance was rejected about 71% of level three consecutive times in the past. Interestingly, each rejection was marked by the dominance of Bitcoin falling in many monthly candles, because Altcoins exceeded bitcoins over these months.

The last speech of this pattern was on the Tales market 2021. At that time, the domination of Bitcoin briefly increased above 72% before the course reversed. After rejection, she entered a five -month decrease, ultimately stabilizing about 40% of the level when Altcoins took control of the market.

Will 71% cause the recent Altcoin season?

Although the domination of Bitcoin is not yet 71%, it is still constantly approaching this level. In particular, the domination of Bitcoin is 60.3%and there are no signs of slowdown. This means that investors in repetition of rejection about 71% may have to wait longer until the dominance reaches this level.

If the 71% domination level ultimately becomes a local top, historical patterns suggest that altcoins can experience quick benefits. However, unlike previous cycles, Ethereum may not take the lead in the Altcoin season this time. Leading Altcoin He tried to gain This cycle, because the recent market dynamics reduced its dominance in relation to other altcoins, such as XRP, Solana, and dogcoin, which are witnessing larger interest among cryptographic traders.

A distinguished picture from LinkedIn, chart from tradingview.com