BTC Dominance Falls From 58% As ETH/BTC Jumps 12% Off Multi-Year Support

Bitcoin dominance dropped after hitting a strong multi-year supply zone near the 58–60% range.

ETH/BTC bounced from a major demand level seen since 2019, showing early signs of capital rotation.

Similar movements in 2021 led to widespread altcoin activity as BTC.D fell and ETH/BTC gained strength.

The latest market data reveals a notable shift in capital distribution within the crypto ecosystem. Bitcoin dominance (BTC.D), which recently hovered near the 58% mark, has started to decline after touching a key supply zone. At the same time, Ethereum’s performance against Bitcoin (ETH/BTC) has bounced off a multi-year demand area.

These simultaneous moves are capturing attention due to their historical relevance. Similar price behavior was recorded in previous cycles where altcoin valuations experienced a broad uplift. The divergence between BTC.D and ETH/BTC is now unfolding across the weekly timeframe.

BTC Dominance Falls from High Supply Range

The BTC.D chart shows a clear rejection at a well-established supply zone around the 58–60% dominance range. The weekly trend line illustrates consistent upward movement from mid-2022 until the current pullback. The decline in BTC dominance often reflects growing risk appetite in the broader crypto market. When dominance decreases, capital frequently rotates toward alternative assets.

The red resistance box on the BTC.D chart has historically served as a reversal point. Multiple rejections have previously occurred at this level, reinforcing its significance. As BTC.D declines again, the lower chart shows a corresponding move in the ETH/BTC ratio. The two indicators frequently move inversely, which appears to be happening once more.

ETH/BTC Rebounds From Long-Term Support as BTC.D Declines

The ETH/BTC ratio recently bounced from a prolonged demand zone, marked in green on the lower portion of the chart. This support level has remained intact since 2019, with the most recent touch triggering a sharp upward move. Weekly data illustrates a pattern where prior rebounds from this level led to upward continuation.

This area of demand continues to act as a pivot point for Ethereum’s market strength relative to Bitcoin. Each bounce from this region in the past was followed by a period of ETH outperformance. The sharp upward move now underway aligns with the downward turn in BTC.D, further reinforcing the inverse relationship.

BTC.D and ETH/BTC Reverse at Key Zones

When both BTC.D and ETH/BTC reverse at critical zones, technical alignment across the two indicators becomes apparent. The last major instance of this alignment occurred in 2021. At that time, BTC.D dropped significantly while ETH/BTC gained momentum, pushing many alternative assets higher in valuation.

The synergy between these two charts offers a clearer picture of current capital rotation trends. Both indicators now show movement from historically reactive zones, which could affect the broader asset distribution landscape. Market watchers are closely observing whether this shift continues in upcoming sessions.