Bitcoin (BTC) price hit a record high in the last periods of the year, but the rise expected by investors in most altcoins never came. Bitcoin's dominance in the market (BTC.d) did not fall above 55 percent throughout 2024.
On December 17, when BTC, which was released for 108 thousand, reached its all-time high, the total value of the crypto market climbed to 3.7 at that time. With traditional finance turning more to Bitcoin through exchange-traded funds, the high monitoring of BTC dominance in the market is one of the nightmares of altcoin investors. However, there are some indicators that the liquidity of the cryptocurrency, which grew under Bitcoin's leadership, has started to shift towards altcoins.
“Investor focus shifts to altcoins”
Burak Kesmeci, author of the crypto analytics platform CryptoQuant, who wrote an information note on the subject, stated that "interest in altcoins has increased somewhat since May 2024" when he examined the trading volumes of the pairs of transactions on Binance.
Kesmeci, who emphasized that "with the increase in individual growth, the dominance of altcoins (others except BTC and Ether) in Binance trading volume increased and reached 77 percent as of January 2025, added: "This trend reveals that investor transactions on the largest exchange by trading volume are not disappearing towards altcoins."
The voices of the altcoin bull?
The graphs indicate that the trading volumes of altcoins, which fell to 50.8 percent in May 2024, have reached 77 percent as of January.
Kesmeci, who evaluated the movement in BTC and ETH external transaction volume, made the following statements: “The combination of altcoin transaction volume on Binance strengthens the confidence that the growth altcoin bull will occur in 2025. With the increase in individual interest, the altcoin market may continue to gain strong momentum in the months.”
The next side of the coin
However, there is a completely opposite picture revealed by Coinmarketcap's Altcoin Season Index. According to the index, which evaluates the price perspective of the top 100 altcoins against Bitcoin, it is more in favor of BTC. The statistic, which emerged as high as 66 points last week, has fallen to 45 in terms of news distribution. In fact, while the market value range of altcoins was at the level of 1.57 hardware dollars in the first week of equality, it routinely decreased to 1.43 as of January 12.
The crypto permanent, the altcoin that has risen the most in the last 24 years, increased by 7.64 percent, Flare (
#flr ) by 5.46 percent, Cardano (
#ADA ) by 5.46 percent, KuCoin Token (KCS) by 5 percent,
#XRP (XRP) by 4 percent and Celestia (TIA) by 3.56 percent.
#AltcoinSeason2025 #BTCMove