After tightening the rope for months between Bulls and Bears, the Bitcoin dominance, which is the market share in the BTC for the entire encryption market, increased to 64 %.
According to the Crypto Rekt Capital analyst, the increase in hegemony is not just an artistic milestone but an introduction to a broader direction that can see the number one crystalline currency up to 71 % of the digital asset market.
Restore historical weight
Bitcoin dominance is not just a percentage; It is a pulse examination of the feelings of investors. When it rises, the capital flows to the BTC at the expense of Altcoins, which often indicates the “risk” approach or a bet on the main cryptocurrency as a safe haven for the market.
Recalin Capital analysis He suggested that the restoration of 64 % as support can reflect historical patterns as dominance increased from 70 %, another level seen during the Bitcoin 2021 race. ”
Previously, in March and April, he made it clear how BTC dominated severe resistance near its highest levels in November 2024 before a breakthrough management in late April. The successful re -test of those levels may now be the “final station” in Bitcoin’s priority, which, in the past, was followed by a sharp decline.
The analyst said: “Bitcoin is now in placing itself when it will likely be his final leg in its upward direction before the great collapse.”
Altcoin Ward season?
The expected reflection often leads to what the “Altcoin” encryption community calls. During such periods, the rest of the digital asset market tends to outperform the BTC, making the interest of an investor great.
At the time of writing this report, the King Cryptocurrency stake reached 63.8 %, which is the heartbeat away from 64 %. And if the Rekt Capital predictions continue, we can see a transition to 71 % within weeks, which may be the way to rotate the market. “This is the final countdown,” the analyst wrote.
The price of Bitcoin was in a sharp recovery since April when it decreased to less than 75,000 dollars. It is currently working to change hands at 96,873 dollars, an increase of 0.6 % in 24 hours and 3.2 % during the past week, amid a wave of Buy whales.
But not everyone is being held. As mentioned earlier, mining workers Discharge Nearly $ 850 million from BTC, trying to deal with revenue pressures after half.
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