BTC Dominance 60%: Everyone's Reading It Wrong

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May 3, 2026
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Everyone's wrong about BTC dominance. Dominance just hit 59.8% and every influencer is screaming altseason. They're wrong. Here's what on-chain data actually shows. When dominance approaches 60% from below — historically it breaks THROUGH, not reverses. We saw this in March 2021 and late 2023. Smart money isn't rotating into alts. Glassnode data shows whale wallets still accumulating BTC — not bri…