The primary quarter of 2025 was dominated by talks of the altcoin season, as is often the case when the bull cycle is ending. In previous cycles, capital tends to rotate from Bitcoin to different cryptocurrencies as traders search for most acquire earlier than the arrival of the bear market.
Nevertheless, the story has been very totally different for the cryptocurrency market up to now this yr, with most large-cap belongings failing to get pleasure from the identical capital rotation seen in previous cycles. The newest on-chain information exhibits that Bitcoin has continued to dominate the crypto market, outperforming all classes of altcoins.
Is It Time To Purchase Altcoins?
In an April 5 submit on the X platform, pseudonymous analyst Darkfost shared an attention-grabbing on-chain perception into the efficiency of all altcoin classes relative to the world’s largest cryptocurrency. In keeping with the net pundit, the altcoins are underperforming in comparison with Bitcoin when it comes to market capitalization progress.
Of their submit, Darkfost in contrast the market cap progress of Bitcoin, large-cap altcoins (the highest 20 largest altcoins), and mid-to-small cap altcoins by calculating the distinction between their 365-day and the 30-day shifting common (MAs). In keeping with the analyst, the variation between the 365-day MA and the 30-day MA serves as an indicator of progress momentum.
Usually, when the short-term shifting common (30-day MA) rises sooner than the long-term shifting common (365-day MA), it implies fast market cap growth. On the flip aspect, a lowered progress momentum is indicated by a lagging 30-day shifting common.
Supply: @Darkfost_Coc on X
As noticed within the chart above, Bitcoin is outpacing the large-cap and mid-to-small-cap altcoins when it comes to their market cap progress. Darkfost famous that this distinction within the progress ratio has reached a degree final seen in October 2023, a interval correlated with a quick altcoin rally and subsequently BTC’s dominance.
The analyst additional highlighted that when this progress ratio turns detrimental, it typically alerts {that a} robust correction has occurred. Traditionally, a detrimental ratio would possibly current a potential buying opportunity for traders trying to get into the market.
Bitcoin And Ethereum Value Fast Look
As of this writing, the value of BTC stands at round $83,500, reflecting no important motion up to now 24 hours. On the similar time, the ETH token is valued at round $1,805, with no change up to now day.
Whereas the premier cryptocurrency dropped by about 15% within the first quarter of 2025, Ethereum misplaced nearly double its worth in the identical interval. This hole in efficiency underscores how woeful the “king of altcoins” has been up to now few months.
The worth of BTC on the each day timeframe | Supply: BTCUSDT chart on TradingView
Featured picture from iStock, chart from TradingView
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