Altcoins are lagging Bitcoin, per today’s CMC Altcoin Season Index reading of 23/100 (Bitcoin Season).

BTC dominance 58.94% (+0.22 pts 24h) – Capital rotates to Bitcoin as altcoin liquidity shrinks.

$3.48B BTC ETF outflows in November – Institutions trim exposure, pressuring altcoins reliant on risk appetite.

ETH/BTC ratio at 0.19 (-4.55% 7d) – Ethereum underperforms, dragging smaller alts lower.

Deep Dive

1. Bitcoin Dominance & Altcoin Season Index

BTC dominance rose to 58.94% (+0.22% 24h), while the Altcoin Season Index fell to 23/100 (Bitcoin Season), down 8% in 24h. This marks 8 consecutive weeks of Bitcoin leadership, the longest streak since Q2 2025.

What this means: Investors favor Bitcoin’s liquidity and “safe haven” status amid market uncertainty, starving altcoins of capital.

(Bitcoin Dominance Chart)

2. Institutional Exodus from Risk

US spot Bitcoin ETFs saw $3.48B net outflows in November, led by BlackRock’s IBIT (-$2.34B). ETH ETF AUM dropped $4.6B (-20.4% MoM), per TradFi flow data.

What this means: Institutions are de-risking portfolios, hitting altcoins harder due to their reliance on speculative inflows.

3. ETH Weakness Amplifies Altcoin Pain

Ethereum fell -4.55% vs Bitcoin this week, with ETH/BTC hitting 0.19 – a 2025 low. DeFi TVL dropped -7.3% MoM, reducing fee revenue for L2s and dApp tokens.

What this means: Without ETH leading, smaller alts lack narrative catalysts. Traders await Ethereum’s Q1 2026 upgrade cycle for rotation signals.

Conclusion: Bitcoin’s Defensive Rally Prevails

Bitcoin’s dominance and ETF flow trends suggest altcoins face sustained headwinds until macro sentiment improves. Watch the ETH/BTC ratio – a break above 0.21 could signal altcoin relief. Until then, capital preservation favors BTC.#BTCRebound90kNext? #BTC86kJPShock #TrumpTariffs