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 period 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 crypto media outlet BeInCrypto on April 23 (local time), Bitcoin dominance, which indicates Bitcoin's market share, surged to 60.66%, marking its highest level since June 2025. BeInCrypto analyzed that Bitcoin has completed its 8-month accumulation phase and entered a full-scale market share expansion phase, suggesting that funds are rapidly moving from altcoins 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 RSI 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 current Altcoin Season Index, which quantifies market trends, stands at 37, clearly indicating a Bitcoin season. An index above 75 is considered the start of an altcoin season, and the current figure signifies that altcoin performance is significantly lagging behind Bitcoin. Analysts predict that altcoins will struggle 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 in boosting Bitcoin's dominance. As institutional investors focus on Bitcoin, which has relatively lower volatility and higher reliability, a bottleneck is occurring where liquidity that would otherwise flow into altcoins is being blocked. This solidification of capital flow deepens the marginalization of the altcoin market and increases investor fatigue.

As Bitcoin's sole dominance prolongs, the virtual asset market is preparing for the possibility that altcoins will struggle throughout 2026. Whether Bitcoin dominance breaks through the historical resistance level of 66.06% or undergoes a correction in that zone, offering opportunities to altcoins, will be the gauge for the future direction of the market. Investors are closely monitoring when Bitcoin's dominance peaks and are reviewing conservative asset allocation strategies.

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