Bitcoin Dominance (BTC.D) rose previous 65% on June 23, 2025, marking its highest stage since February 2021. This metric reveals Bitcoin’s share of the whole crypto market capitalization. In keeping with TradingView, BTC.D has now elevated for seven quarters in a row with none main correction.
The rise in Bitcoin Dominance displays capital inflows into Bitcoin, as each retail and institutional traders lowered publicity to altcoins. The transfer comes amid rising geopolitical tensions between the US and Iran.
Crypto analyst Rekt Capital said,
“Now Bitcoin Dominance is only 5.5% away from 71%. Altcoins won’t go to zero. Instead, they may react similarly to Feb 2025.”
Again then, Bitcoin Dominance peaked, and the altcoin market noticed a significant drop.
In February 2025, the whole altcoin market cap, measured by the TOTAL2 index, dropped from $1.4 trillion to $1 trillion. An analogous transfer at present might carry TOTAL2 under $700 billion if BTC.D rises to 71%.
Altcoin Season Index Plummets to 12 Factors
As of June 23, the Altcoin Season Index stands at 12—its lowest stage within the final two years. The index tracks whether or not most altcoins have outperformed Bitcoin prior to now 90 days. A price of 75 or extra signifies a typical Altcoin Season, however present readings stay far under that mark.
CoinBureau co-founder Nic stated,
“It’s now the furthest we have been from Altcoin season in almost a year. That’s if you believe the ‘Altcoin Season Index’.”
The index is revealed by Blockchain Middle and highlights altering market sentiment within the altcoin market. Proper now, information reveals continued underperformance of altcoins in opposition to Bitcoin.
Analyst Michaël van de Poppe famous that the index typically bottoms in June or July. In previous years, this occurred earlier than capital rotated again into the altcoin market. 0xNobler additionally stated Altcoin Season typically begins in summer season. Nonetheless, with BTC.D nonetheless rising, that shift has not began this 12 months.
Geopolitical Tensions Drive Bitcoin Desire
The climb in Bitcoin Dominance additionally follows political occasions. Over the previous week, U.S. President Donald Trump ordered new army actions concentrating on Iranian nuclear websites. In response, Iran issued threats of escalation. The market responded by lowering danger, favoring Bitcoin over altcoins.
In consequence, the crypto market noticed a shift in construction. TradingView information confirms this transfer, displaying long-term inflows into Bitcoin whereas altcoin market cap declined. Many traders now deal with BTC’s relative stability as battle issues stay.
The most recent seven-quarter rise in Bitcoin Dominance marks the longest constant acquire since 2017. No quarter in that interval confirmed a decline in BTC.D, underlining how a lot capital has moved into Bitcoin in current months.
Altcoins Path as Bitcoin Dominance Rises
As of June 23, the Altcoin Season Index stays far under the Altcoin Season threshold, whereas Bitcoin Dominance continues to climb. Analysts referenced previous cycles, noting that June typically marks a low level for altcoins earlier than any rotation begins. However present information doesn’t but present indicators of a shift.
The most recent readings from Blockchain Middle, TradingView, and public commentary from analysts like Rekt Capital, Michaël van de Poppe, and 0xNobler present that Bitcoin stays the main target. The altcoin market continues to lag whereas Bitcoin Dominance holds above 65%.