Bitcoin Dominance at 60% Delays Altcoin Season

In June 2025, Bitcoin's market dominance persisted at around 60%, significantly delaying the anticipated altcoin season across the cryptocurrency landscape. This dominance has created a challenging environment for altcoins, which have struggled to gain significant market share. Historically, altcoin seasons have been characterized by a drop in Bitcoin's dominance, allowing other cryptocurrencies to gain market share. However, the current market conditions have not favored this shift, with Bitcoin's dominance remaining strong and its price continuing to rise.

Despite Ethereum's notable gains, the broader cryptocurrency market has not witnessed a substantial shift towards altcoins, keeping investors focused on major assets. Ethereum experienced a 40% surge in May, yet this movement has not resulted in a market-wide altcoin rally. Key opinion leaders have not signaled any transition toward a new altcoin season. As noted in the AMINA Bank report, “Bitcoin’s market dominance sits at a commanding 60% and it’s backed by performance…”

Bitcoin’s market share remains strong, with a reported 60% dominance in June. Mainly focusing on Bitcoin, capital inflows reflect continued trust in large-cap assets. The absence of significant liquidity transitions or official exchange statements further underscores the current investor sentiment. Institutional reallocations remain minimal, keeping the spotlight on established cryptocurrencies. Historically, altcoin seasons succeed a decline in Bitcoin dominance, driven by retail interest in lower-cap assets. Despite macroeconomic changes, such as cooling inflation, analysis from AMINA Bank suggests cautious capital flows persist, affecting transformative events in cryptocurrency sectors.

The Altcoin Season Index, which measures the performance of the top 100 cryptocurrencies relative to Bitcoin, has increased to 22, up from 15 in June. This indicates that 22 of the top 100 cryptocurrencies have outperformed Bitcoin over the past 90 days. Despite this positive momentum, the overall market sentiment and liquidity conditions have not shifted enough to support a full-blown altcoin season. Analysts suggest that unless there is a significant change in sentiment, new liquidity, or a breakdown in Bitcoin's dominance, mid and low-cap altcoins will continue to face challenges.

The delay in the altcoin season is not entirely unexpected. The current market conditions, characterized by strong Bitcoin dominance and cautious investor sentiment, have created a challenging environment for altcoins. While there are signs of momentum in the altcoin market, the overall conditions have not yet favored a full-blown altcoin season. Investors are currently more risk-averse, preferring to hold onto Bitcoin rather than invest in more volatile altcoins. This cautious approach has contributed to the delay in the altcoin season, as investors are waiting for clearer signals before making significant moves into altcoins. Additionally, the lack of new liquidity in the market has made it difficult for altcoins to gain traction, further delaying the anticipated season.

In conclusion, Bitcoin's dominance has been a significant factor in delaying the altcoin season. The current market conditions, characterized by strong Bitcoin dominance and cautious investor sentiment, have created a challenging environment for altcoins. While there are signs of momentum in the altcoin market, the overall conditions have not yet favored a full-blown altcoin season. Investors will need to wait for a shift in sentiment, new liquidity, or a breakdown in Bitcoin's dominance before the altcoin season can fully materialize.