Bitcoin Dominance (BTC.D) Is Once Again the Center of Attention

Bitcoin dominance is once again the center of attention. In early May 2025, BTC.D surged to 64.98%, its highest point in nearly three years

Bitcoin (BTC) dominance is once again the center of attention. As it hovers at the 65% threshold, many analysts are discussing the timing and shape of the next altcoin season. For many analysts, the 65% level is a technical resistance that, if rejected, could ignite the long-awaited altcoin rally.

While bulls are anticipating a shift towards altcoins, skeptics caution that the crypto market may not be prepared yet. The resistance at 65% indicates potential reversals in Bitcoin’s market share dominance. It represents a level where Bitcoin looks overbought relative to altcoins, and capital often starts rotating into alternative assets.

Analyst Darky accepts this view, predicting a sharp pullback in BTC dominance, and urges traders to “fill your bags with altcoins.” According to him, a true altcoin season could follow if Bitcoin dominance starts falling from this key level. It could drive BTC.D down to the long-standing support zone near 39%.

Another implication is clear. A BTC/D reversal at this level could be the green light for traders searching for the best crypto to buy. However, not everyone is ready to call it just yet.

According to the Milk Road newsletter, a true altseason is still some distance away. “Only 17% of altcoins have outperformed BTC over the last 90 days,” they argue, suggesting that dominance may have to exceed 70% before any meaningful altcoin rotation occurs.

Recent market data support that perspective. Bitcoin dominance rose steadily from 64.4% to 65% in the first week of May. However, the total crypto market cap fell from $3 trillion to $2.87 trillion. This shows that capital is exiting altcoins faster than it’s leaving Bitcoin.

Indeed, many altcoins are not growing as fast as the BTC price. Nevertheless, many traders are positioning themselves for the next altcoin cycle. Several tokens have shown early signs of strength for those looking for crypto to buy now.

Only 17% of altcoins have outperformed BTC over the last 90 daysThat’s not rotationThat’s BTC dominance holding the wheelUntil this number pushes past 70%, altseason isn’t on the tableNot yet pic.twitter.com/jqYP1tbAku

TRON (TRX)

Tron has over 302 million user accounts and more than 10 billion transactions. It continues to expand its ecosystem even as price performance remains modest. Up just 4.70% over the last week, TRX is underperforming the market. However, a recent partnership with MoonPay could lead to more price increases.

The collaboration allows US users to buy TRX directly through MoonPay, making it one of the few cryptos with expanded fiat onramps in a regulatory-complex market. Despite its lagging price action, TRON’s fundamentals remain strong. With its native token listed on over 130 exchanges and a market cap exceeding $23 billion, TRX could have a breakout once the BTC price and dominance roll over.

Dogecoin (DOGE)

If TRON represents the steady long game, Dogecoin is the wild card with technical momentum. Up by over 26% over the past seven days, DOGE has broken out of a falling wedge pattern. Indeed, this confirms a bullish trend with a potential target near $0.2561.

DOGE is also supported by strong trader sentiment. According to emerging data, over 67% of Binance traders are long, and open interest has surged to $1.81 billion. Meanwhile, the price has held firmly above its ascending trendline, which has been in place since early 2023.

The narrative around Dogecoin remains unique. It is a meme coin with a deep culture, particularly on platforms like X and Reddit. However, it is also increasingly being recognized as a legitimate payment token. If the altcoin market heats up, DOGE’s virality and strong community could give it an edge over more traditional Layer-1 competitors. For those who want volatility and potential upside, DOGE could be the best crypto to buy into any altcoin rally.

Sui (SUI)

Among Layer-1 platforms, Sui is arguably one of the most interesting tokens to watch heading into Q2. The SUI token saw a massive 100% surge in the first week of May, briefly retesting the $4 mark for the first time since February. What is exciting about this move is that it came just after a major token unlock. Token unlocks are usually a bearish event due to the increased circulating supply.

Instead, SUI did the opposite of what was expected. The supply was absorbed, demand held, and the token broke out of a bullish pennant pattern to hit multi-month highs. As of now, the price has cooled slightly to $3.95. However, key technical