Markets· ★★★· bearish·

Bitcoin dominance climbs to 60.7% as altcoin momentum fades

  • —BTC dominance rose from 59% in late September to 60.7%
  • —48.4% of Binance altcoins trade below their 200-day average vs under 10% in early October
  • —30-day Altcoin Season Index fell from 75 to 29, four points from Bitcoin season
  • —ERC-20 stablecoin reserves on exchanges dropped to $57.4B from $78B
Why it matters: Rising BTC dominance and capital exiting altcoins point to defensive rotation, keeping altcoin holders exposed to further downside.
#BTC#ETH#QNT#NEAR
Source: BeInCrypto TR
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