Bitcoin Dominance Surges to 60%... Will Altcoin Season Never Return?

▲ Bitcoin (BTC), Altcoin/ChatGPT Generated Image

As Bitcoin (BTC) dominance broke through an 8-month consolidation range and surpassed 60%, monopolizing market liquidity, a pessimistic outlook has emerged suggesting that the long-awaited altcoin season for investors might be delayed until the end of 2026.

According to the cryptocurrency specialized media BeInCrypto on April 23 (local time), Bitcoin dominance, which indicates Bitcoin's market share, soared to 60.66%, reaching its highest level since June 2025. BeInCrypto analyzed that Bitcoin has completed its 8-month accumulation phase and entered a full-fledged market share expansion phase, indicating that funds are rapidly moving from altcoins (Altcoin) to Bitcoin.

Technical indicators such as the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) also support Bitcoin's strong dominance. On the weekly chart, Bitcoin dominance broke through the Fibonacci 23.6% retracement level of 59.63%, entering an open zone towards its next target of 66.06%. The daily Relative Strength Index entered the overbought zone for the first time since October 2025, but with the MACD maintaining a bullish signal, the upward trend in dominance is expected to continue for some time.

The Altcoin Season Index, which quantifies current market trends, recorded 37, proving it is clearly a Bitcoin season. An altcoin season is considered to have begun when this index exceeds 75, and the current figure means that altcoins are significantly underperforming Bitcoin. Analysts predict that altcoins will find it difficult to show a meaningful rebound until Bitcoin dominance reaches its target of 66.06%.

The continuous inflow of institutional funds through Bitcoin spot ETFs is acting as a key driver boosting Bitcoin's market share. As institutional investors focus on Bitcoin, which has relatively lower volatility and higher reliability, a bottleneck is occurring, cutting off liquidity that would otherwise flow into altcoins. This entrenchment of capital flows is exacerbating the marginalization of the altcoin market and increasing investor fatigue.

The virtual asset market is preparing for the possibility that altcoins will struggle throughout 2026 as Bitcoin's dominance becomes prolonged. Whether Bitcoin dominance breaks through the historical resistance level of 66.06% or undergoes a correction in that range, giving altcoins an opportunity, will be the gauge for the future direction of the market. Investors are closely watching when Bitcoin's dominance will peak and are considering conservative asset allocation strategies.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*