Crypto
Altcoin Rally Gains Momentum as BTC Dominance Falls Below 60%
The altcoin market is showing signs of a strong rally in 2026. Bitcoin dominance has fallen, and the total market cap of altcoins outside the top 10 crypto assets has increased by over 10% since the start of September.
According to data from TradingView, the TOTAL ex-top 10 market cap has broken above the $200 billion level and is clearing the mid-May resistance zone. This represents a capital rotation scenario, with BTC shedding dominance and smaller coins gaining.
A whale has opened up a $50 million short position on Bitcoin with 13x leverage, suggesting that some big players may be taking profit while inflows are made in altcoins. However, this trend also raises the risk of a quick flush if the rally becomes crowded.