Capital flow shift: Altcoins stand out as Bitcoin loses dominance

The current market structure indicates that altcoins are preparing for a new expansion cycle. Notably, Ethereum has emerged as a leading factor influencing the sentiment of the entire altcoin market.

The showdown between Bitcoin and Ethereum’s strength

Ethereum shows significant resilience compared to Bitcoin, maintaining positive performance even amid strong market volatility. As of now, the ETH/BTC exchange rate is recorded at 0.03484, remaining above the bottom and support levels of 2025 despite short-term fluctuations.

Source: TradingViewEthereum continues to test the long-term downtrend line, which has existed since 2017. Does the early bullish crossover signal of the MACD indicate a relative increase in Ethereum’s strength as Bitcoin’s dominance gradually diminishes?

Total 2 forming an ascending triangle pattern

The total cryptocurrency market capitalization (excluding Bitcoin) continues to stay stable around the 1.29 trillion USD mark. The weekly chart shows the formation of an ascending triangle pattern.

Source: TradingViewThis structure reflects ongoing accumulation pressure, with expectations that a breakout will attract more capital into the altcoin market. However, if the support line cannot be maintained, the market may face short-term correction pressures.

Altcoin Season Index drops to 35

The Altcoin Season Index drops to 35, marking a transitional phase in the market. Although Bitcoin still leads in performance compared to most assets, this index indicates that some altcoins have started to attract attention and capital flow.

Source: BlockChainCentreSimilar index levels in the past often herald selective growth phases for altcoins before the market witnesses broader participation in this asset group.

Many altcoins break out together

As the market shifts, many altcoins record impressive growth, reinforcing the upward trend. Monero (XMR) increased by 85.39%, Chiliz (CHZ) rose by 84.82%, and MYX increased by 82.13%.

Dash (DASH) increased by 70.61%, Zcash (ZEC) rose by 60.07%, and Bitcoin Cash (BCH) increased by 23.79%.

Source: CoinMarketCapThe privacy-focused asset group is demonstrating superior strength in the altcoin market.

Next prospects for Bitcoin and altcoins

In the context of Bitcoin’s declining dominance, the market is gradually opening opportunities for altcoins to lead the trend. Maintaining the ETH/BTC support zone continues to play a crucial role in determining the market direction.

If altcoins can sustain their growth momentum, Ethereum’s leading role will become increasingly important.

In the long term, market outlook will depend on whether altcoins can continue to maintain growth momentum while Bitcoin shifts to a support position.