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Bitcoin Dominance Hits 65.2% As Ethereum Loses 45%

Coin WorldWednesday, May 7, 2025 12:04 pm ET
1min read

Bitcoin dominance has surged to a multi-year high of 65.2%, marking a 13.3% increase since the beginning of the year. This metric has reached its highest level since early 2021, driven primarily by Ethereum's weakness. Ethereum has lost 45% against Bitcoin this year and is on track for its third consecutive year in the red.

Ask Aime: Is Bitcoin's dominance at an all-time high a sign of market instability?

Bitcoin's dominance is now just 6% away from reaching 71%, a level that has historically acted as strong resistance. According to Rekt Capital, an anonymous cryptocurrency analyst with a significant following on social media, the closer Bitcoin dominance gets to this resistance level, the higher the likelihood of a major collapse. Such a collapse, the analyst suggests, could benefit altcoin valuations.

Earlier this month, Rekt Capital predicted that Bitcoin could be in the final stage of its macro uptrend, followed by a significant collapse. This prediction aligns with the analyst's view that the current bull run for Bitcoin is different from previous cycles. Institutional buying is propping up the cryptocurrency, and retail investors have largely remained on the sidelines. This dynamic suggests that a new altcoin cycle might not materialize this time around.

BlackRock's iShares Bitcoin Trust ETF (IBIT) has seen 16 consecutive days of positive inflows, attracting nearly $5 billion in fresh inflows within a few weeks. This institutional interest further supports the notion that Bitcoin's current bull run is driven by institutional buying rather than retail enthusiasm.

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Assistantothe
05/07
Bitcoin's dominance is a double-edged sword. 🚀 High, but risky. Altcoins might get a boost if it cracks. Anyone else hedging with $ETH?
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LarryKingsGhost
05/07
65.2% dominance feels heavy. $ETH taking a beating. If Bitcoin hits 71%, could we see a flip? Time to adjust portfolios?
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pimppapy
05/07
Rekt Capital's calls often hit. This time, he might be right. Institutions are propping up $BTC, but altcoins could sneak up. 🤑
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LilDoughboy37
05/07
@pimppapy Think altcoins have room to run?
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greenpride32
05/07
Rekt Capital knows Bitcoin's moves like a guru.
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daarkann
05/07
@greenpride32 Fair enough
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FirmMarket4692
05/07
Bitcoin's dominance makes me nervous. If it hits 71%, we could see a major flip. Altcoins might get their chance.
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Senyorty12
05/07
Altcoins waiting for Bitcoin's inevitable dip. Patience, folks.
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Quiet_Maybe7304
05/07
Is Bitcoin dominance gonna hit 71%? 🤔
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zeren1ty
05/07
Holy!The ETH stock was in an easy trading mode with Premium tools, and I made $336 from it!
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