Bitcoin’s dominance increased to 61% on Wednesday, the highest level since November 2025. The indicator is up from 58.44% in early April, proving that the bullish trend continues to favor BTC over the broader cryptocurrency market.

Over the past two months, altcoin volume on Binance has also increased by 49%, while 12.6% of altcoins on Binance have regained their 200-day basic moving average (SMA).

Bitcoin dominance, weekly chart. Source: Cointelegraph/TradingView

Altcoins are showing early signs of recovery

Cryptocurrency analyst Darkfost said that Bitcoin gained 36% off the February 6 low of $60,000, which helped augment dominance to 61.3%.

While altcoins have spent much of this period under pressure, TOTAL3, which tracks the market capitalization of cryptocurrencies excluding Bitcoin and Ether, rose 17% to a two-month high of $765 billion. The pace of altcoin recovery has lagged behind BTC, but several indicators have started to improve.

TOTAL3, weekly chart. Source: Cointelegraph/TradingView

Data from CryptoQuant showed that trading activity in the altcoin market is slowly increasing. Their share of volume on Binance rose to 49% on Wednesday, up from 31% in March, as measured against total BTC and ETH futures trading volumes. The augment indicates growing participation beyond Bitcoin and Ether after several months of capital concentration in the two largest crypto assets.

Darkfost added that the change still looks moderate and is a far cry from the aggressive rotation phases seen during the previous altcoin rally in 2024.

Altcoin dominance in terms of volume. Source: CryptoQuant

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Stock volume trends indicate rotation

CW8900 Market Analyst pointed to growing activity on centralized exchanges (CEX) as another sign of improving participation beyond Bitcoin. According to the analyst, altcoin trading volume, excluding the top five cryptocurrencies, has been growing steadily over the past few weeks.

Ratio of CEX volume to top 5 cryptocurrencies. Source: CryptoQuant

The 90-day AltSeason index also rose to 28.6, the fastest gain in months. The index tracks whether most altcoins outperform Bitcoin over a specific period. Readings above 75 are associated with stronger altcoin cycles. However, CW8900 added:

“The Index also shows that there has been no true AltSeason in this cycle. The period in which the AltSeason Index reached its highest point was in early 2024, and even this value was relatively low compared to previous AltSeasons.”

CryptoQuanta data also showed improvement in the altcoin market after months of significant underperformance against Bitcoin. The average altcoin is currently trading 23.47% below its 200-day basic moving average, up from 44.4% at the beginning of the cycle. Similar readings appeared already at the end of the behind schedule bear market phase in 2022.

Average Altcoin performance compared to 200-day SMA. Source: CryptoQuant

Related: Crypto Fear and Greed Index Goes Neutral for the First Time Since January: Will 100K Be Next? BTC dollars?

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