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
BTC Whale Inflows Drop, LTHs Accumulate Strongly
Recent data shows Bitcoin whale inflows to exchanges have dropped to below $3 billion, indicating reduced selling pressure. Meanwhile, long-term holders have accumulated $49 billion in Bitcoin, signaling a market transition. This shift suggests potential stability and reduced volatility, although macro factors could still affect prices.
Coinfomania10m ago
NewsAlert: Trump Issues Iran Ultimatum – How BTC, ETH, And XRP is Reacting
Trump raised the temperature again with a fresh Iran deadline and warnings of overwhelming force. The rhetoric was extreme, and markets treated it as immediate macro risk.
To be precise, widely cited reports quote Trump saying Iran could be destroyed “in one night” if no deal is reached, not
LiveBTCNews27m ago
Macro investors: A BTC breakout above $76,000 and an ETH breakout above $2,400 may signal a trend reversal
Macro investor Jordi Visser believes that if Bitcoin and Ethereum break through $76,000 and $2,400 respectively, it will kick off a sustainable uptrend. He expects high inflation to push investors to seek profitable assets, and notes that the probability of an economic recession has fallen to 24%. This view contrasts with the current bearish expectations in the crypto industry.
GateNews1h ago
U.S.-Iran talks break down, BTC spikes then pulls back—how do geopolitical conflict and macro data affect the crypto market?
The breakdown of the nuclear talks between Iran and the U.S. caused Bitcoin to surge and then pull back, with the situation in the Strait of Hormuz and macroeconomic data becoming the focus. This article will explain the logic behind volatility in the crypto market amid geopolitical conflict and the movement of on-chain capital.
InstantTrends1h ago
Bitcoin Developers Release Major Update on Testnet, What Changed? - U.Today
Bitcoin developers have released v31.0rc4 for testing, introducing enhanced privacy through Tor and I2P networks, improved mempool design, fee efficiency, and performance upgrades. This update aims to optimize transaction management and protect user anonymity.
UToday1h ago
U.S.-Iran talks: after 21 hours, no agreement reached. Vance says he has proposed a “final proposal”; Iran refuses a nuclear weapons commitment.
The U.S. vice president, Vance, did not reach an agreement in the US-Iran negotiations held in Islamabad. The core dispute is that Iran refused the U.S. demand for a nuclear weapons commitment. The breakdown of the talks has increased geopolitical risk, affecting financial markets—especially crude oil and Bitcoin prices. Even though the negotiations were unsuccessful, both sides may still continue discussions, and the market will watch for further developments.
ChainNewsAbmedia2h ago
