Matthew Hyland, a known crypto analyst said that if Ethereum’s price keeps rising then Bitcoin dominance has peaked.
On an X post he said, He said,
“If ETH breaks bullish and remains bullish against BTC there is a 99% chance BTC Dominance has topped,”
ETH Pattern Continuation Will Make BTC Domination Impossible
Hyland added,
“It is basically impossible for Dominance to push higher if ETH continues higher against BTC,”
The altcoin season has jumped from 15 to 34 as of today.
Furthermore on TradingView the Bitcoin dominance stands at 63.84%. A staggering 9% increase since Jan 2025.
Over the last few days Bitcoin peaked to its all time high but the dominance has dropped by 1.8% as money has flown to Ethereum and altcoins. Ethereum has been able to escape its $2900 bracket and is up by 5.8%.
A rising Bitcoin market dominance usually means investors prefer Bitcoin over other cryptocurrencies (altcoins). Conversely, a decline might indicate increasing confidence in the wider altcoin market.
Cas Abbe commented,
“Asset is at a stage of one of the most obvious bull flag formations, “and it’s getting closer to a breakout.”
Bitcoin To Consolidate In Short Term Ranges
Ethereum’s relative strength against the “digital gold” has spiked by 10% over the last 30 days.
Charles Edwards, founder, Capriole Investments commented that he expects the Bitcoin market to cool off after reaching 122,884 on Monday, 14th July, 2025.
He also added that he believes that the trend will pick up later in the year.
Charles said,
“I see some consolidation here after the big move, but ultimately higher into year end,”
The data on TradingView show a sharp moving average indicating Bitcoin is a strong sell. The charts are indicating the outset of the altcoin season as Bitcoin dominance has started to drop as more investors flock to invest in alts.