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![Osemka8 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::3864149734.png) Osemka [@Osemka8](/creator/twitter/Osemka8) on x 13.3K followers
Created: 2025-07-16 06:56:45 UTC

[ Has BTC.D topped? ]

There's a decent chance that the Bitcoin dominance has topped for the cycle.

It hit a first hidden 2M breaker, created a nice bearish divergence and seems to be breaking down.
When I look at TOTAL3esBTC (TOTAL3 minus stablecoins and denominated by BTC) there's a confluence that that might be the case.

The ratio, just like in Dec 2020, hit a HTF demand and is bouncing right from it. That's when BTC.D topped in 2020/21 cycle too. It didn't yet broke. It broke once it retested the diagonal.
Only difference is we're a bit lower with altcoins compared to where we were in the previous cycle at that time.

So all-in-all this is where the altcoin ascend started for this altseason, but true altseason comes once BTC.D really breaks down.

![](https://pbs.twimg.com/media/Gv9cBFsX0AA5pR1.png)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945377044994646119/c:line.svg)

**Related Topics**
[stablecoins](/topic/stablecoins)
[bearish](/topic/bearish)
[2m](/topic/2m)
[dominance](/topic/dominance)
[decent](/topic/decent)
[bitcoin](/topic/bitcoin)
[coins layer 1](/topic/coins-layer-1)
[coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem)

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