Bitcoin Maintains Market Leadership
🟦Despite the broader recovery of the crypto market, Bitcoin’s dominance remains strong at 61.7%. The Altcoin Season Index sits at just 28, indicating weak altcoin activity and continued capital concentration around BTC. Even as Bitcoin surged to $105,000, altcoins only showed short-lived reactions, while the Total3 chart reflects uncertainty — resistance around $923 billion has yet to be broken.
🟦Meanwhile, on-chain metrics confirm BTC’s upside potential. The STH MVRV stands at 1.09, leaving room for growth toward the $118,000–$128,000 range by June. However, long-term holders have started to take profits, which could signal a correction ahead. Until altcoins break key resistance levels, the crypto market is expected to remain in a phase of Bitcoin dominance.
https://crypto-jazz.com/bitcoin/2025/05/17/bitcoin-maintains-market-leadership/
