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07/21 03:11

Bitcoin dominance, or the measure of Bitcoin’s s



Bitcoin dominance, or the measure of Bitcoin’s share of the total crypto market cap, is down nearly 4% in the last three weeks. BTC dominance is 61.61% at the time of writing on Friday, down from 66% in the last week of June.

As Bitcoin dominance drops, market participants anticipate gains in altcoins. Capital rotation, profit-taking are the top two drivers of the alt season.

With BTC hitting a new all-time high above $123,000, large holders and dormant wallets from the Satoshi era are waking up for profit-taking. The rising selling pressure could push Bitcoin price lower and pave the way for altcoin gains.

Large holders are moving fast enough to increase exchange inflows 5x within a week, miners are following closely, shedding over 16,000 BTC in a single day, one of the largest single-day outflows in the last three months.

Altcoins are experiencing relative inactivity in terms of exchange inflows and profit-taking, indicating that traders may not be in a rush to sell their altcoins. This suggests a likelihood of an altcoin season in July 2025.
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