Bitcoin Dominance (BTC.D) is creating a familiar pattern that points to an incoming altcoin wave. This development comes as the overall crypto market continues to exhibit a high degree of volatility driven by macro influences, as we saw throughout most of October.
Bitcoin Dominance to Retest 53% Level: Altcoin Capital Rush?
In one X message on November 1, a renowned market expert with the username PlanD outlines an insightful analysis of the Bitcoin Dominance chart, which measures Bitcoin’s percentage share of the total crypto market capitalization.
In general, a rise in Bitcoin dominance indicates that the main cryptocurrency is outperforming other cryptocurrencies (altcoins), while the reverse indicates the opposite, with extreme situations representing an altseason.
According to PlanD, Bitcoin dominance is now forming a similar trend, mirroring the July 2025 altcoin rally. Notably, the BTC.D endured an uptrend for about 50 days before dropping to significant levels, representing a heavy rotation of capital into other cryptocurrencies outside of Bitcoin.
The crypto analyst notes that Bitcoin dominance is at the top level of this similar structure, with the technical foundation now complete for another sharp collapse. If BTC.D follows the same pattern, PlanD predicts a potential drop of up to around 53%.
With the current total crypto market cap of around $3.71 trillion, this projection could represent a heavy influx of around $222.6 billion into altcoins in the coming weeks.
The Altseason signal to watch out for
As previously noted, an altseason occurs when altcoins significantly outperform Bitcoin for an extended period of time. While PlanD’s analysis points to an impending altcoin rally, its duration remains uncertain.
However, fellow analyst Ted Pillows has pointed to a key indicator that would confirm the start of an altseason. In one recent post on
Currently, this benchmark stands at $1.03 trillion, while the current market cap for altcoins (excluding stablecoins) is approximately $718.89 billion. Given PlanD’s forecast, there is a lot of potential to reach this required threshold in the near term.
Meanwhile, recent macro developments are also encouraging for the expected altcoin inflows. Notably, two Solana Spot ETFs marked their trading debuts this week, marking the significant expansion of institutional interest beyond Bitcoin and Ethereum.
At the time of writing, the CoinMarketCap Altcoin Season Index stands at 31, indicating that the market is still firmly in Bitcoin season, and altcoins need major outperformance to shift the scale.
Featured image from iStock, chart from TradingView