Dominance Archives - Coin Engineer

Signs of an Altcoin Season Are Strengthening!

Emre Yumlu — Wed, 30 Jul 2025 12:00:58 +0000

The long-awaited altcoin season might finally be on the horizon as we enter Q3 of 2025. A combination of rising liquidity, increasing regulatory clarity, and growing onchain activity appears to be reigniting investor interest in alternative crypto assets beyond Bitcoin.

A Market Shift in Motion? Altcoin Season On The Way?

Earlier this year, the altcoin market faced significant pressure due to global geopolitical tensions and fiscal uncertainty in the United States. These factors triggered broad sell-offs and market hesitation. However, the tide seems to be turning.

Capital is now rotating toward projects with tangible utility and robust token models. This shift marks a renewed appetite for risk and long-term growth potential, particularly in segments of the crypto market that had been overlooked in recent months.

Another key signal is the drop in Bitcoin dominance. After reaching its highest level since 2021, Bitcoin’s share of the overall market has fallen by nearly 6%—a strong indication that altcoins are regaining traction.

Bitcoin Soars Amid Supply Crunch

Despite the focus shifting toward altcoins, Bitcoin continues to see strong bullish momentum due to ongoing supply-demand imbalances. On July 14, 2025, the leading cryptocurrency surged past $123,000, setting a new all-time high.

Spot Bitcoin ETFs have played a crucial role in this rally, with total assets under management exceeding $160 billion and over 110,000 BTC accumulated in just the last quarter.

Ethereum Reclaims Institutional Confidence

Meanwhile, Ethereum has quietly gained strength. The number of ETH on centralized exchanges has dropped significantly, ETF inflows are rising, and nearly 30% of Ethereum’s liquid supply is now staked. This might be a great sign for altcoin season.

The successful rollout of the Pectra upgrade—which raised staking caps and improved protocol efficiency—further strengthened the network’s fundamentals. Regulatory authorities in the U.S. clarified that staking activities do not fall under securities law, providing a major boost to ETH’s institutional appeal.

In fact, Ethereum has now broken out of its long-standing downtrend, supported by growing interest from major financial players. A $1 billion ETH allocation is being planned by Sharplink, and global institutions like BNY Mellon, Société Générale, and a Trump-linked USD1 stablecoin are launching initiatives on Ethereum’s infrastructure.

DeFi and DEX Sectors Hit New Milestones

Decentralized exchanges (DEXs) captured 30% of the total spot trading volume in the last quarter—setting a new industry record. Platforms like PancakeSwap on BNB Chain and PumpSwap on Solana were key contributors to this surge, fueled largely by memecoin activity.

The DeFi lending sector also reached a new high with over $70 billion in total value locked. At the same time, liquid staking surpassed 30% of the total ETH supply. This indicates increased investor appetite for leverage and yield-generating strategies, particularly on platforms built around Ethereum.

A Word of Caution: Memecoin Mania Ahead?

Despite the optimism, analysts are sounding alarms about a potential bubble forming in the memecoin space. Historically, unchecked hype and rapid inflows into speculative assets have often ended in sharp corrections.

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Bitcoin Analysis: What’s the Next Target?

Emre Yumlu — Sat, 26 Jul 2025 10:00:57 +0000

As the week draws to a close, crypto markets have entered a volatile phase. Bitcoin briefly dipped below the $116,373 support level last night, but quickly recovered and returned to the consolidation zone. Many analysts believe this dip was largely a manipulative move, and the price bouncing back into its prior range has offered renewed optimism for investors.

Bitcoin Key Levels

Support: $116,373
Resistance: $119,313

Currently trading around $117,511, Bitcoin is showing short-term bullish signals. The upcoming release of key macroeconomic data and developments related to ETFs may support a move toward the $119,313 resistance level.

Long Positions Dominate the Market

Looking at long/short ratios across major exchanges, it’s clear that long positions are dominant. This reflects traders’ expectations for a short-term upward move. However, as always, caution is advised when engaging in high-leverage trades.

Ethereum and Altcoins Rebound

Ethereum rose by 1.68% in the last 24 hours to reach $3,753, marking a 5.40% weekly gain. This upward momentum has also spread to the broader altcoin market. Following yesterday’s sharp pullback, many strong altcoins quickly recovered and are now pushing back toward key resistance levels.

This content is for informational purposes only and does not constitute investment advice. Cryptocurrency markets involve significant risk, and you should always do your own research before making any investment decisions.

Feel free to share your thoughts on the topic in the comments. Additionally, you can follow us on Telegram, YouTube, and Twitter for more real-time news and updates.

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Binance Altcoin Volume Reaches 78%: Is the Altcoin Bull Market Near?

Yigit Taha OZTURK — Sun, 12 Jan 2025 20:15:38 +0000

The altcoin trading volume dominance on Binance has reached 78%, signaling a strong potential for an altcoin bull market in 2025, according to an analyst.

In a report dated January 11, CryptoQuant writer Burakkesmeci stated:

“With the increasing retail interest, the altcoin market could continue to gain strong momentum in the coming months.”

Continuous Increase in Altcoin Volume

According to Burakkesmeci, the altcoin trading volume ratio on Binance reached 77.83% in January 2025, showing an 11% increase over the last five months.

“The steady growth in altcoin trading volume on Binance increases confidence in the potential for an altcoin bull market in 2025.”

In May 2024, Binance’s altcoin dominance was 50.80%, highlighting a continuous rise in interest.

You Might Be Interested In: Elon Musk Shared, That Memecoin Flew: Up 500%!

However, CoinMarketCap’s Altcoin Season Index currently stands at 46/100, indicating a closer alignment to a Bitcoin Season. This index evaluates the role of altcoins in the market by comparing the price performances of the last 90 days.

Bitcoin Dominance and Altcoin Season Signs

Altcoin seasons typically begin when Bitcoin Dominance starts to fall. However, currently, Bitcoin Dominance is at 57.74%, showing a 2.41% increase in the last 30 days.

Ethereum and Altcoin Market Expectations

An anonymous crypto analyst, Mister Crypto, suggested on January 11 that Ethereum could see a price range from $4,000 to $8,000.

Analysts believe that a rise in Ethereum’s price could signal a larger upward move in the altcoin market.

Currently, Ethereum is trading at $3,279, having lost 15.77% of its value in the last 30 days.

A Differentiated Altcoin Season Expected

CryptoQuant CEO Ki Young Ju highlighted that the current altcoin cycle is different from previous cycles. Ju stated that only altcoin projects with “strong use cases and narratives” will survive in this cycle.

Additionally, Ju noted that the altcoin season this time will not begin with the capital gains from Bitcoin flowing into altcoins as seen in the past.

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Bitcoin Dominance Rises to 57% as BTC Reaches $104,000

Emre Yumlu — Thu, 05 Dec 2024 15:50:44 +0000

Altcoin movements have quieted down somewhat as Bitcoin dominance rebounded following its historic surge past $100,000 for the first time.

Bitcoin dominance, a metric measuring how much of the crypto market’s total value belongs to BTC, recovered as the asset reached its six-figure all-time high on December 5. Meanwhile, most altcoins failed to match BTC’s gains.

According to TradingView, Bitcoin dominance rose by 4.4% over the past 24 hours, climbing to 57% as the asset hit a record $104,000 on December 5. Bitcoin’s market share had dropped from 61.8%, a three-and-a-half-year high on November 21, to a low of 54.7% on December 4, before staging its latest rebound.

Analyst Income Sharks, in a post on the X platform on December 5, commented: “It’s almost as if BTC was jealous that altcoins were getting all the attention and wanted to remind everyone that it’s still the king.”

Bitcoin Dominance

What is The Current Status of The Fear and Greed Index?

The Bitcoin Market Fear and Greed Index, which analyzes market sentiment, is currently at an “extreme greed” level of 84. However, this index spiked to 94 on November 22, when Bitcoin reached its all-time high of $99,000, marking the highest level since December 2020. Social sentiment has also increased; according to Google Trends, searches for Bitcoin on December 5 saw the biggest surge of the past week.

Worldwide searches for ‘Bitcoin’ on Google. Source: Google Trends

Short Positions

Meanwhile, according to CoinGlass, $132 million worth of short positions were liquidated over the past four hours. Industry executives and analysts are celebrating Bitcoin’s “100K Day.” Coinbase CEO Brian Armstrong said, “If you had bought $100 worth of Bitcoin when Coinbase was founded in June 2012, it would now be worth about $1,500,000.” Armstrong also added, “If you had kept your $100 in cash, you would only be able to purchase about $73 worth of goods today.”

“Bitcoin is the best-performing asset of the last 12 years, and it’s still early days.”

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USDT Dominance Returns to Ethereum!

Orhan — Tue, 26 Nov 2024 17:00:41 +0000

Ethereum has once again taken the lead in Tether (USDT) dominance, surpassing Tron in the process. This shift not only underscores the ongoing competition between Ethereum and Tron but also highlights the critical role stablecoins play in the cryptocurrency market. The rapid digitalization of financial systems and growing capital flows through blockchain-based infrastructure have further solidified Ethereum’s position in this space.

How Did the Balance Between Ethereum and Tron Shift?

In late November 2023, Ethereum saw a significant surge in USDT supply on its network. According to DefiLlama data:

USDT supply on Ethereum increased by 9.3%, reaching $60.3 billion.
Meanwhile, USDT supply on Tron decreased by 1.5%, falling to $58.1 billion.

This marked the first time since August 2022 that Ethereum surpassed Tron in USDT dominance. A major contributing factor was Tether’s issuance of $2 billion USDT on Ethereum on November 23, compared to only $1 billion on Tron.

This shift highlights stablecoins as a critical tool for capital movement. With Tether’s total supply reaching a record-high $132.9 billion, the market’s trust in stablecoins continues to grow.

Diverging Strategies: Ethereum vs. Tron

Ethereum’s dominance in USDT supply is driven by its increasing adoption by financial institutions for tokenizing USD-backed assets. This strengthens Ethereum’s position in institutional markets while enabling stablecoins like USDT to reach a broader audience.

Tron, on the other hand, stands out for its low transaction costs and high-speed transactions. It is particularly popular among individual users in high-inflation countries, where USDT is used as a hedge against devaluation. However, Tron’s individual-focused strengths often fall short compared to Ethereum’s expansive ecosystem targeting institutional adoption.

Impact of Circle and Binance

In February and March 2023, both Circle and Binance withdrew support for USDC on Tron, weakening its competitive position against Ethereum. Currently, Ethereum hosts $26.3 billion in USDC supply, accounting for 67.5% of USDC’s total market capitalization. This solidifies Ethereum’s leadership not only in USDT but also across other stablecoins.

Future Outlook for Ethereum and Tron

With rising institutional adoption, Ethereum is well-positioned to strengthen its long-term dominance. However, Tron remains a strong alternative, bolstered by its growing appeal among individual users.

The competition over Tether supply will continue to influence not only the balance of power between these two networks but also the overall dynamics of the cryptocurrency market. Stablecoins are likely to play a crucial role in the future of financial systems, and the strategies of Ethereum and Tron will be pivotal in determining user preferences and market trends.

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