Bitcoin Updates: Bitcoin’s Market Share Drops, Yet Altcoin Surge Remains Unlikely at Present

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Bitcoin Updates: Bitcoin’s Market Share Drops, Yet Altcoin Surge Remains Unlikely at Present

Bitget-RWA2025/11/25 01:32

By:Bitget-RWA

- Bitcoin's market dominance fell to 58.9% in November 2025, but analysts caution this does not signal an "altcoin season" due to broader market deleveraging. - The Altcoin Season Index reached 47 (monthly high) but remains below 75, while Bitcoin's 16% price drop coincided with mixed altcoin performance and stable Ethereum network activity. - $3.5B in Bitcoin ETF outflows exacerbated declines, though some predict altcoin season could emerge by September 2025 if Bitcoin dominance weakens further and liquid

In November 2025, Bitcoin's share of the overall crypto market slipped to 58.9%, hinting at a possible movement of funds into other digital assets. Still, experts warn that this drop doesn't automatically signal the start of an "altcoin season," with many pointing to widespread market deleveraging as the main driver rather than a shift toward riskier coins

as noted by market experts

. The Altcoin Season Index—a popular tool for tracking market phases—recently reached a monthly peak of 47, but this is still well below the 75 mark that typically indicates a strong altcoin rally

based on financial statistics

The recent decrease in

Bitcoin

dominance comes alongside a 16% drop in BTC's value over the last month,

according to CoinDesk figures

. Although a fall in dominance often suggests investors are favoring altcoins, performance across trading pairs paints a mixed picture. Coins such as

Ethereum

(ETH),

Cardano

(ADA), and

Solana

(SOL) have lagged behind

BTC

in relative terms, while pairs like XRP/BTC have shown only modest gains

according to market research

. "The market is still working through the leverage washout that started with October's liquidations," explained Rohit Apte, Head of Markets at Hex Trust,

adding that a cautious mood still prevails

Blockchain data adds further complexity to the situation. While Ethereum's network remains busy, it hasn't experienced the congestion or fee surges usually seen during altcoin booms

according to blockchain analytics

. Base, a Layer 2 platform, is handling 19 million transactions daily thanks to Coinbase's infrastructure, but other prominent networks like

Optimism

and

Arbitrum

are operating steadily without notable fee hikes

based on blockchain statistics

. This indicates the market is neither under stress nor in a speculative surge.

The Altcoin Season Index, which tracks whether 75% of the top 100 coins outperform Bitcoin over a 90-day period, currently sits at 23—a figure that aligns with Bitcoin's continued dominance

according to analysis from Bitcoin World

. Analysts at CoinMarketCap point out that readings below 25 have historically meant BTC is leading, but they also note that market cycles can change quickly with new regulations or tech breakthroughs

as highlighted in market commentary

. At the same time, outflows from Bitcoin ETFs have worsened the downturn, with $3.5 billion withdrawn in November—the largest monthly loss since the crypto market crash of 2022

according to Bloomberg data

Despite this, some analysts remain hopeful. Coinbase Institutional has forecasted that an altcoin season could kick off in September 2025 if Bitcoin's dominance continues to fade and liquidity improves

according to institutional projections

. Looking back at the 2017 and 2021 cycles, experts suggest that Ethereum,

Litecoin

, and Solana could outperform if the market finds stability

based on historical cycle analysis

. Still, they emphasize that a genuine altcoin surge would require both BTC and

ETH

to settle into a more stable trading range first

according to market specialists

At present, most traders seem more interested in reducing risk than chasing new trends. As leverage continues to unwind, the market is largely moving sideways, waiting for a decisive event to tip the balance between Bitcoin's strength and the potential of alternative coins.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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