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Capital flows shift from Bitcoin to altcoins
Bitcoin dominance (BTC.D) slipped from above 61% to 58.8% in November 2025, while an altcoin-season index climbed to its highest level in over a month. This shift points to capital rotating out of Bitcoin and into altcoins, though it does not yet confirm an official altseason.
Price action and market context
The decline in BTC.D coincided with Bitcoin's price dropping below $90,000, suggesting Bitcoin has been losing value faster than many altcoins. Market participants are watching whether funds continue reallocating to Ethereum, layer-2 tokens, and other altcoins that could benefit from sustained inflows.
Technical outlook: head and shoulders on BTC.D
Technical analysts have flagged a potential head-and-shoulders pattern on the weekly BTC.D chart — a bearish formation that, if confirmed, may signal further declines in Bitcoin dominance. Some analysts forecast BTC.D could fall toward the 54% area, a level last observed in December 2024.
What this means for traders and investors
Lower Bitcoin dominance can create opportunities for altcoin rallies, but confirmation requires broad altcoin strength and increasing market capitalization beyond short-term rotation. Traders should combine dominance signals with on-chain metrics, liquidity, and risk management when positioning for a possible altseason.
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