Bitcoin Dominance Drops Amid Altcoin Capitulation

[etfs]

Following the recent sell-off known as “Crypto Black Friday,” Bitcoin dominance has fallen to 59.07%, signaling a shift of capital into altcoins.

A head-and-shoulders pattern forming on Bitcoin dominance charts indicates a potential continuation of this trend.

Historically, such rotations precede altcoin seasons, when smaller-cap cryptocurrencies outperform Bitcoin.

Market watchers suggest this may be the start of increased activity in select altcoins, but timing and selectivity remain key.

[Abdul Khan]

A decline in Bitcoin dominance could hint that capital rotation into altcoins is starting soon.

[Nahid Hossen]

Altcoin capitulation phases usually set the stage for the next bullish reversal across the market.