Bitcoin Dominance Drops to 58.8% After Hitting 61.2% Peak

While several media outlets report that Bitcoin dominance has reached a peak of 58.8% on March 28, 2025 – a record since April 2021 – a more nuanced reality emerges. According to our data, BTC hit a dominance peak of 61.2% two weeks earlier. This figure, ignored or overlooked, actually reveals a decline in Bitcoin’s market share. Therefore, is this a precursor to an Altseason comeback?

Bitcoin dominance drops to 58.8% and no Altseason in sight?

On March 12, 2025, Bitcoin had intensified its supremacy in the market with a dominance of 61.2%! This drop to 58.8% may seem insignificant, but it carries significant meaning. It shows that, although BTC remains the benchmark asset, some altcoins are beginning to regain ground. This fluctuation invites a more nuanced reading of market dynamics:

• The return of capital to altcoins remains marginal, but the decline in dominance suggests a pause in the massive accumulation of Bitcoin.

• The aspirational effect generated by spot ETFs and institutional strategies seems to be slowing down.

• This contraction could indicate either a profit-taking on Bitcoin or a rebalancing towards other crypto-assets.

The Altseason is much awaited

A decline in Bitcoin dominance does not automatically imply the arrival of an Altseason. For it to actually manifest, there needs to be a strong rotation of capital towards altcoins, widespread outperformance (notably of Ethereum), and a significant increase in volumes. A drop in dominance could also simply reflect a correction of BTC without signaling a lasting enthusiasm for other cryptos.

In reality, Altseason occurs when altcoins explode in a coordinated upward manner, often after a phase of Bitcoin consolidation. Without these clear signals, the current decline to 58.8% remains a simple adjustment, not a cycle change.

Therefore, Bitcoin dominance remains a key indicator. A decrease below 58% could signal a renewed interest in altcoins. But caution: without solid volumes or leading altcoins, this movement of BTC could just be a market mirage, and Altseason could once again be postponed.