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It’s still going on The price of Bitcoin (Bitcoin USD) is oscillating around 67,200 USD level after a week of price movement in a narrow range. However, its long-established dominance over the broader cryptocurrency market is waning today.
New data from CoinGecko shows that the total market for cryptocurrencies has grown to $2.38 trillion, while it has fallen. Bitcoin governance Down from 59%, it is currently at 58.82%.
This slow return coincides with the sudden rise of Ethereum, which has risen +1.1% overnight and Monday morning trading, while Bitcoin is on the sidelines with lower trading.
A major change in data suggests that institutional funds may be preparing for a major rally in the crypto market, which could herald the start of the alt season.
What does the lack of chain control indicate?
The drop in market dominance to 58.48% shows a remarkable stability after the peaks recorded in mid-2025, when Bitcoin controlled about 66% of the total wealth of crypto investors.
Tom Lee, head of the Ethereum Treasury firm Bitmine, recently said that the pressure on the market will gradually lead to the recovery of the V-shaped violence in the ETH / BTC pair.
AVOIDING
TOM LEE JUST SAID: "CRYPTO BOTTOM IS IN AND CLOSE TO GOING PARABOLIC"
SHE SAID SOMETHING AGAIN $BTC IS $ETH IT WILL WORK THIS YEAR
THEY KNOW SOMETHING!! pic.twitter.com/XxH5RgPzH7
– ᴛʀᴀᴄᴇʀ (@DeFiTracer) March 7, 2026
The metrics that are currently changing support the idea that liquidity is flowing into the ecosystem rather than exiting the crypto market entirely. $31.6 million worth of Ethereum came out in one day recently, reducing supply for the second time as authority figures dropped.
This is the same type of local volatility that led to the initial phase of Ethereum. But the picture is not perfect for altcoin bulls.
Experts consider it as: Kyle Redhead The migration of traditional assets on the chain is in Ethereum’s favor, but the extremely high prices of the coin show that there is still a lot of trading space, which suggests that the bottom may not be formed yet.
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Bitcoin/USD Price Prediction: Can BTC Support 67,000 USD As Authority Fades?
Bitcoin USD is passing between USD 64,000 and USD 72,000, forming a long-term trend that is gradually reducing the volume of trading from the underlying assets. This is despite the fact that all reserves have disappeared from the exchange, which has caused a lot of debate among traders as to whether a major shock is coming.
If the current support is at 66,500 USD, Bitcoin may still have enough money to retest strongly the barrier of 70,000 USD.
But if the bottom falls under the weight of money circulating in altcoins, the market will quickly weaken. In this scenario, the level of $64,000 is a short-term target, closely followed by deeper areas that require around $61,000.
The most important level to watch closely is 58% on the Dominance Barometer chart, which will ultimately determine whether Bitcoin prices are rising or falling completely.
Ethereum ETF replaces Bitcoin
Institutional interest in Ethereum is growing, as the market’s rise reflects the rise of exchange-traded funds (ETFs). Last week closed with a cool ~$20M+ in multiple Ethereum ETF transactions, with BlackRock, Grayscale, and Fidelity accounting for most of the entries, according to data. CoinGlass.
Professionals know FalconX images The advantages of Ethereum’s financial technology and potential returns are attracting new investors who may have ventured into Bitcoin ETFs.
To confirm the withdrawal, the ETH/BTC pair must rise above the 0.035 level and trade high, as it is trading at 0.02939. If the “whale” can regain the necessary support of 2,000 USD, a strong momentum can begin to form.
However, if the ratio fails to break 0.035 and the level of USD 2,000 cannot be recovered, this may be temporary, and the support level of USD 1,800 may be expected.
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A note Bitcoin Control Drops to 58%: Are Smart Capitals Moving to Ethereum? appeared for the first time Cryptonews Arabic.
