#CryptoMarketSeesVolatility

Bitcoin dominance surges to 60.66% and Buries Altcoin Season Hopes for 2026

Bitcoin dominance
BTCUSD
successfully broke out through the 60% level this week, ending an eight-month accumulation phase and now targeting a peak cycle level of 66% from June 2025. This breakout indicates that capital flow is returning to Bitcoin and moving away from altcoins.

Momentum indicators on the weekly and daily timeframes both confirm this movement, while the Altcoin Season Index stands at 37. Combined signals suggest that altcoin season is unlikely to arrive before the end of 2026.

Weekly and Daily Bitcoin Dominance Charts Confirm Clear Breakout

The weekly Bitcoin dominance chart closed at 60.66%, successfully breaking out of the green accumulation box that had held prices between August 2025 and April 2026. This range occurred after the June 2025 peak at 66.06%, when BTC.D was rejected from the multi-year ascending channel.

Before the accumulation phase, Bitcoin dominance remained within the upward channel along with its midline for over two years. The fundamental structure remains bullish, and the latest breakout above the Fibonacci 0.236 level at 59.63% reopens the possibility toward the 0 Fib level at 66.06%.

On the daily timeframe, Bitcoin dominance recorded its first clean breakout from the 58% to 60% range, which had persisted for nearly eight months. Currently, the price is testing the resistance box around 61%, with RSI entering overbought territory for the first time since October 2025. MACD has also turned green, with the histogram continuing to rise, confirming momentum.

Closing above 61% will open the final path toward the 66.06% target. This movement could add another 5 percentage points to Bitcoin dominance and drain altcoin capitalization. BeInCrypto’s previous analysis already marked this level as an important boundary in this cycle.

ETH/BTC Chart Maintains Altseason Hopes, but Kaleo Issues a Note

Popular crypto analyst Kaleo shared a long-term ETH/BTC chart showing this pair pressing against the downtrend line that has consistently limited rallies since 2017. The latest figure at 0.02980 is slightly above the trendline, and Kaleo predicts further upward movement toward the green zone at 0.055 and possibly higher.

“In the previous bull market, altcoins didn’t truly breakout until Bitcoin recovered and hit a new all-time high. With DeFi still not fully recovered, I think the chances of this trend continuing are quite high. It’s still a good place to accumulate high-confidence assets, but it might require a bit more patience for a real ‘alt season.’”

His perspective also includes a note that weakens the bullish argument. Historically, altcoins tend to need Bitcoin to hit new highs before rotation occurs, while BTC remains well below its cycle peak, and some traders expect further declines into late 2026. Without a new rally in Bitcoin, the ETH/BTC bottom area will remain stagnant.

Ben Cowen also shared a similar view in his latest BeInCrypto analysis, stating that 2026 reflects a pattern similar to the end of the 2019 cycle, where altcoins gradually lost value against Bitcoin.

Altcoin Season Index at 37 Closes Short-term Rotation Opportunities

Currently, the Altcoin Season Index shows a figure of 37, clearly in Bitcoin season territory. Altseason only occurs if the value reaches 75 or higher, and at the moment, it’s only about half of that standard. This figure confirms what is seen in Bitcoin dominance—that altcoins have failed to outperform Bitcoin over the past 90 days.