Bitcoin’s Grip on the Market Weakens — Is the Altcoin Boom About to Explode?

Jakarta, Pintu News – Altcoin season may be just around the corner as Bitcoin (BTC) declines in dominance, while Ethereum (ETH) leads a sharp rise towards the $4,000 mark.

While Bitcoin has remained stable below $120,000, altcoins have started to show gains. This upward trend is slowly eroding Bitcoin’s market share in the crypto world.

Altcoin Season is Coming Soon

The altcoin season index is currently approaching a critical threshold that signals the start of the altseason. This index measures the performance of altcoins compared to Bitcoin.

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The index signals whether the overall crypto market is entering a phase where altcoins outperform BTC. Currently, the indicator is at the midpoint, which means altcoins need to perform more strongly to break the threshold and confirm altcoin season.

Capital is currently flowing more into altcoins than Bitcoin, which further strengthens the positive sentiment.

An altcoin season is officially confirmed if 75% of the top 50 cryptocurrencies-with the exception of stablecoins and asset-backed tokens-outperform Bitcoin over a 90-day period.

Currently, only about 50% of altcoins have outperformed Bitcoin, which suggests there is still room for growth before the real altseason begins.

However, Ethereum’s 27% surge in just the past week has pushed many other tokens to multi-month highs.

If more altcoins follow Ethereum’s lead and outperform Bitcoin in the next few weeks, the threshold needed for altseason could be reached as early as next month.

Bitcoin’s Dominance is Starting to Falter

Bitcoin’s dominance has seen a sharp decline in the last five days, dropping by 5.6% from 64.5% to 60.9%. This decline is the lowest in four and a half months and reflects the market’s growing interest in altcoins.

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Bitcoin’s decline in dominance is often the first signal of the coming altcoin season.

Ethereum’s rising price is one of the main factors causing BTC’s decline in dominance, while Bitcoin’s own price remains relatively flat at $118,301.

Despite the declining market share, Bitcoin’s price did not plummet, signaling a healthy market shift, not a massive sell-off. The asset is still consolidating below the $120,000 level.

Even so, caution is warranted. If altcoin investors start to take advantage of the recent price spike, selling pressure could halt the advance.

Many tokens are already at their highest levels in recent months, and a sharp sell-off could reverse the upward trend.

This could potentially delay the start of the real altcoin season, and could push it to the third quarter of 2025.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Altcoin Season Near? Bitcoin Dominance Crashes. Accessed on July 22, 2025