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COINTURK NEWS > Altcoin News > Bitcoin’s Grip Loosens As Altcoins Capture the Spotlight
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Bitcoin’s Grip Loosens As Altcoins Capture the Spotlight

In Brief

  • Michaël van de Poppe sees potential altcoin advantages from Bitcoin Dominance's decline.

  • Major projects like Cardano, Solana, and Toncoin show increasing volume and potential.

  • Investors should maintain calmness during corrections and update their strategies accordingly.

Fatih Uçar
Fatih Uçar 3 weeks ago
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Bitcoin’s continued dominance in the market is being questioned by analyst Michaël van de Poppe, who highlights the potential for a shift in favor of altcoins due to a decline in the Bitcoin $107,000 Dominance (BTC.D) index. Currently stalled at around 63.9%, the indicator suggests that Bitcoin’s long-standing control may be weakening. Van de Poppe’s interpretation of “bearish divergence” on the weekly chart indicates that capital might soon flow rapidly toward altcoins. This shift could lead investors to reconsider their portfolio diversification and risk allocation strategies.

Contents
Altcoins Gain Traction as Bitcoin Dominance WaversKey Levels Influence Bitcoin and Ethereum Prices

Altcoins Gain Traction as Bitcoin Dominance Wavers

The BTC.D chart, stuck in a narrow range for weeks, is showing noticeable weakness, marking the first such wave since the 2021 bull market. As Bitcoin’s market share decreases, remaining liquidity naturally gravitates towards altcoins, demonstrated by a surge in trading volumes. The recent volume growth in major projects like Cardano $0.645281, Solana $156, and Toncoin suggests that the potential of altcoins is not limited merely to technical indicators.

Investor psychology adds complexity to this picture. With the market traditionally focused on Bitcoin-centered profit-taking, the pursuit of returns is rekindling risk appetite. Van de Poppe believes investors are moving past the typical “boredom” phase witnessed before major rallies, with altcoin clusters likely to be the main focus of interest in upcoming surges. However, he emphasizes the importance of avoiding overexcitement and considering funding costs and liquidity traps.

Key Levels Influence Bitcoin and Ethereum Prices

Bitcoin is currently trading around the 109,000-dollar range. Van de Poppe forecasts a potential retest of the 105,000-dollar psychological support. If it holds, Bitcoin might leap towards the 120,000 to 130,000-dollar corridor. Despite short-term volatility fueled by macroeconomic data and U.S. Treasury yields, the long-term trend remains upward. Thus, avoiding panic selling during sharp corrections and placing orders gradually provides a sensible strategy.

The picture for Ethereum $2,624, however, differs slightly. Its recent surge from 1,800 to 2,700 dollars is still being digested. Van de Poppe describes any pullbacks below 2,400 dollars as “extra discounts,” given that anticipated Layer-2 updates and growth in staking ecosystems support Ethereum fundamentally through 2025. Investors are advised to remain calm during standard 10-20% corrections and stick to their trading plans. Meanwhile, projects like Solana and TON, which offer alternatives to Ethereum’s high bandwidth demands, should be closely monitored during their recovery phases.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 29 May, 2025 - 9:33 am 29 May, 2025 - 9:33 am
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