Bitcoin dominance — BTC’s share of total crypto market cap — has hovered around 60% for weeks. Traders read this as either "BTC is winning" or "altseason is delayed," depending on their priors.
The mechanical reading
Dominance can rise two ways: BTC outperforms (numerator up) or altcoins underperform (denominator down). The two have very different implications.
Current state
Right now BTC is roughly flat 7d while many alts are down 3-8%. So dominance is climbing on relative weakness in alts, not absolute BTC strength.
What this means
This regime favors quality alts (ETH, SOL) over the long tail. Memecoin and small-cap exposure is the riskiest bucket right now.