Bitcoin’s Grip Loosens: Market Expert Says Dominance Has Hit Its Ceiling
Raoul Pal, founder of Real Vision, indicated that Bitcoin's dominance may have peaked in the current cycle. He referenced signals from DeMark Indicators suggesting an imminent change after months of Bitcoin leading the market. Bitcoin dominance is currently around 65%, having risen since December 2024 but still below the 2021 high of 74%. Technical analysis shows weakening trends in Bitcoin's market share. Since the start of 2025, Bitcoin has increased over 6% and reclaimed the $103k level, approaching $105k, while most altcoins have lagged. The TOTAL2 index, excluding Bitcoin, has dropped nearly 20% this year. Pal anticipates that as Bitcoin dominance peaks, capital may shift to altcoins, a pattern observed in previous cycles. He describes the current phase as the "Banana Singularity," where altcoins are expected to rise faster than Bitcoin as investors seek higher returns.
