February 13 News, renowned crypto analyst Matthew Hyland pointed out that a key structural signal that appeared before the 2020 bull market is forming again: Bitcoin’s market dominance is weakening, while altcoin dominance continues to rise. For long-term traders, this change is not unfamiliar; it often indicates that capital is beginning to shift from a single asset to a broader crypto market.
Looking back at history, in 2018 and 2022, the market share of altcoins and Bitcoin declined simultaneously, during overall bear markets characterized by capital outflows and liquidity tightening. However, at the end of 2019, the situation reversed: Bitcoin’s price weakened, while altcoin share gradually increased. This did not immediately trigger a surge, but laid the groundwork for the significant rallies in 2020–2021. Now, a similar structure is reappearing.
Since October 10, 2025, the market relationship has noticeably reversed. Bitcoin has sharply retreated from its high levels, while overall altcoin market share has steadily increased. Currently, Bitcoin’s market share is about 56.5%, below the levels seen after its previous decline, indicating that funds are gradually dispersing. Although this change is not an immediate short-term bullish signal, it is often seen as a precursor to market rotation.
From a structural perspective, the rise in altcoin market share usually results from investors reallocating assets. Funds tend to flow first into large-cap mainstream projects, then expand into different sectors, eventually entering more speculative assets. This process is slow and easily overlooked, but it is a crucial phase in market buildup.
Of course, this cycle is not exactly the same as 2020. ETF fund flows, regulatory environment, and macro liquidity are all changing the market rhythm. However, the structural divergence itself remains an important clue. As Hyland said, the market framework similar to that before 2020 is returning, which could mean that a new wave of altcoin rallies is taking shape.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Analyst: BTC $63k is the watershed between bulls and bears; multiple support levels form the entry range
Crypto analyst Ali Martinez says that current market volatility could provide cycle-level get on board opportunities, and has set multiple key price ranges based on on-chain data. The main support band is $63,111 to $70,685; if it breaks below, it could lead to a liquidity vacuum. In the long term, BTC is approaching its historical uptrend line, and it’s recommended to accumulate in batches.
GateNews59m ago
The U.S.-Iran negotiations have been inconsistent, and Bitcoin and gold both surged and then fell back.
After the Iran–Israel ceasefire, Bitcoin and gold both rose in sync before pulling back. From the perspective of geopolitical chess, we break down the deeper logic behind the price moves and the outlook that follows.
InstantTrends1h ago
A whale opens 20x leverage BTC and ETH short positions, with a position value of about $80 million
Gate News said that on April 9, according to Lookonchain monitoring, a whale address opened 20x leveraged BTC and ETH short positions about 30 minutes ago. Among them, the Bitcoin short position holds 562.58 BTC, and the Ethereum short position holds 18,350 ETH; the total value of the two positions is about $80 million.
GateNews2h ago
Bitcoin Bancorp has launched a licensed Bitcoin ATM deployment in Southern California, with the first batch of machines rolling out in Los Angeles
Bitcoin Bancorp launched a licensed Bitcoin ATM network in Southern California on April 9, with the first batch of machines already installed in Los Angeles, marking a new phase of retail expansion in the United States. The company’s accelerated expansion strategy is significant, and it is expected that the industry’s size will reach $7.68 billion by 2034.
GateNews2h ago
Exodus Movement discloses its digital asset holdings for the end of March, with BTC rising to 628 units
Gate News message: On April 9, the publicly listed self-custody crypto company Exodus Movement in the U.S. stock market released updated data on its digital asset holdings as of March 31. The company’s Bitcoin holdings increased to 628 BTC, a net gain of 18 BTC over the month; Ethereum holdings increased to 1,857 ETH, a net gain of 17 ETH over the month; and Solana holdings increased to 17,541 SOL, a net gain of 1,847 SOL over the month. (Globenewswire)
GateNews2h ago
