Bitcoin Dominance Tops 63% as Altcoins Struggle
Key Takeaways
- Bitcoin’s market dominance has surpassed 63% – a clear sign of weakness among altcoins.
- Only 4 out of 57 altcoins outperformed Bitcoin – with PancakeSwap being the only one showing gains (+10.5%).
- Altcoin trading volume and market capitalization have dropped significantly since December 2024.
- Indicators like the Stablecoin Supply Ratio (SSR) point to a risk-averse market environment.
Bitcoin Dominates – Altcoins Losing Ground
Bitcoin (BTC) continues to expand its dominance in the crypto market. With a market share exceeding 63%, a clear trend is emerging: investors are pulling capital out of altcoins and shifting it into Bitcoin. This development signals the onset of a “Bitcoin Season” – a market phase where BTC outperforms most other cryptocurrencies.
Altcoins Under Pressure – Few Winners
Of the 57 altcoins analyzed, only four outperformed Bitcoin. Notably, PancakeSwap (CAKE) was the only coin with positive returns (+10.5%). The remaining altcoins experienced losses ranging from -20% to -72%. The biggest loser was JUNE, with a drop of -72.4%. Even Bitcoin fell by 17.6% during this period, but remained relatively stable in comparison.
Market Shares Shift Significantly
Since November 2024, the market share of altcoins excluding stablecoins has fallen from 35% to 28%. When excluding both Bitcoin and Ethereum, the share drops further to just 20%. These figures highlight a decline in confidence in smaller cryptocurrencies. Investors are avoiding risk and allocating capital to established assets like BTC.
Decline in Trading Volume and Market Capitalization
On December 5, 2024, altcoin market capitalization peaked at USD 1.43 trillion. Trading volume reached USD 542.63 billion. By April 3, 2025, these figures had dropped to USD 975.64 billion and USD 137.31 billion respectively – a decline of 32% in market capitalization and 75% in trading volume. This trend underscores the decreasing interest and trading activity in the altcoin sector.
Stablecoin Indicator Signals Trend Reversal
Another warning sign came from the Stablecoin Supply Ratio (SSR). On February 23, 2025, both the Bitcoin price (USD 96,209) and the SSR (16.03) hit their peak. Just three days later, both values began to decline. By early April, the BTC price had dropped to USD 81,800, and the SSR to 14.21. This simultaneous decline suggests trend exhaustion – many market participants withdrew liquidity.
Altcoin Rallies Remain Unlikely
While short-term price increases in altcoins do occur, they remain isolated without a fundamental shift in capital distribution and market structure. Current data shows that “smart money” is either flowing into Bitcoin or staying on the sidelines.
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Our Assessment
The current market situation speaks volumes: investors are prioritizing safety and turning to Bitcoin. Altcoins are under increasing pressure – both in terms of performance and market sentiment. As long as BTC dominance remains strong and no new catalysts emerge for altcoins, a sustainable altcoin season is unlikely. Anyone entering the crypto market now should be aware of this dynamic and adjust their strategies accordingly.
Sources
- Alphractal
- CryptoQuant
- TradingView
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
|
| Cons |
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| Further practical applications | |
| Price | $83,633.00 |
| 24h % | -2.24 % |
| 7d % | 9.55 % |
| 30d % | -0.09 % |
| 60d % | -14.38 % |
| 1y % | 33.96 % |
| Market Cap | $1,659,206,789,311.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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