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Bitcoin dominance dips below 58%, Altcoin Season Index at 49 signals no full altseason yet

Market News
02 Jun 2026
Bitcoin
View Source
Neutral
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Bitcoin's price fell below $70,000, pushing its market dominance down to about 58%, while the Altcoin Season Index rose to 49, still below the 75 needed to confirm an altseason. This suggests capital is shifting somewhat from Bitcoin to select altcoins, especially those linked to AI and tokenization, but a broad altcoin rally has not yet materialized. Analysts say a sustained drop in Bitcoin dominance below 55% and further altcoin strength would be needed to confirm a true altseason. The market remains in a transitional phase with selective gains rather than widespread altcoin rallies.

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