Bitcoin Dominance (BTC.D) remains significantly high, indicating Bitcoin's strong position in the market even after the recent crash.
BTC.D has been steadily increasing for almost three years, surpassing key resistance levels at 48%, 52%, and now above 60%.
Bitcoin's dominance nearing critical resistance at 71.3% could spark a significant battle between Bitcoin and altcoins for market share.
Analysts suggest that a drop in Bitcoin Dominance could signal a potential altcoin season, as Bitcoin continues to attract institutional inflows and altcoins struggle to gain momentum.