Bitcoin Dominance (BTC.D) is showing signs of weakness on the weekly timeframe. After an extended rally, it has started to reverse and is likely on its way to fill the Fair Value Gap (FVG) area below, around the 3,600-4,000 zone.
This suggests that altcoins, including Ethereum and other majors, are set to gain more market share in the coming weeks — aligning well with the ETHBTC bullish outlook on the monthly chart.
As BTC dominance drops, expect capital rotation into altcoins, potentially setting the stage for an altcoin season. I’m closely watching for BTC.D to continue bleeding towards the FVG zone before we see any meaningful reversal.
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