đ BTC dominance tops 60%âhas alt season been pushed back again?
On October 22, several accounts on X relayed reports from CoinDesk and Bitcoin Magazine: Bitcoinâs share of the total crypto market cap (BTC dominance) rose above 60%, its highest level since May this year. At the same time, small-cap token indices came under pressure, while BTC itself hovered around $81,000.
For many people, the first reaction to that number is: money is flowing into BTC. But I want to start by unpacking how itâs calculated.
đš Dominance = BTC market cap á total crypto market cap. Itâs a ratio, not a price.
đš The ratio can rise for two reasons: BTC gains more than other assets, or BTC falls less than they do.
đš BTC itself has been pulling back over the past few days, so the second explanation seems more likely: altcoins have fallen harder, shrinking the denominator.
Some people on X put it plainly: rising dominance doesnât necessarily mean a huge influx of new money into Bitcoin; it could simply mean altcoins are performing worse. Others pointed out that this metric measures market share, not where prices are headed next.
My take: 60% dominance is a reminder for people holding altcoins, not a buy or sell signal. People say âonce dominance peaks, itâll rotate into altcoinsâ every cycleâbut no one can guarantee when it will peak or which coins will benefit first. Rather than betting on when alt season will arrive, itâs worth checking your own positions: if BTC drops further, will your altcoins fall even more?
Are you holding more BTC right now, or waiting to buy the altcoin-season dip? Letâs talk in the comments đ
#BTC #ćŻçšĺ¸ĺ¸ĺ ç #ĺąąĺŻ¨ĺŁ #CryptoMarket
On October 22, several accounts on X relayed reports from CoinDesk and Bitcoin Magazine: Bitcoinâs share of the total crypto market cap (BTC dominance) rose above 60%, its highest level since May this year. At the same time, small-cap token indices came under pressure, while BTC itself hovered around $81,000.
For many people, the first reaction to that number is: money is flowing into BTC. But I want to start by unpacking how itâs calculated.
đš Dominance = BTC market cap á total crypto market cap. Itâs a ratio, not a price.
đš The ratio can rise for two reasons: BTC gains more than other assets, or BTC falls less than they do.
đš BTC itself has been pulling back over the past few days, so the second explanation seems more likely: altcoins have fallen harder, shrinking the denominator.
Some people on X put it plainly: rising dominance doesnât necessarily mean a huge influx of new money into Bitcoin; it could simply mean altcoins are performing worse. Others pointed out that this metric measures market share, not where prices are headed next.
My take: 60% dominance is a reminder for people holding altcoins, not a buy or sell signal. People say âonce dominance peaks, itâll rotate into altcoinsâ every cycleâbut no one can guarantee when it will peak or which coins will benefit first. Rather than betting on when alt season will arrive, itâs worth checking your own positions: if BTC drops further, will your altcoins fall even more?
Are you holding more BTC right now, or waiting to buy the altcoin-season dip? Letâs talk in the comments đ
#BTC #ćŻçšĺ¸ĺ¸ĺ ç #ĺąąĺŻ¨ĺŁ #CryptoMarket