Bitcoin’s share of the total crypto market slipped to about 60.8% on July 28—the lowest level in months—as traders rotated into altcoins. Analysts noted that declines in BTC dominance often coincide with rallies in mid‑cap tokens and yield‑bearing DeFi protocols【839857166544246†L274-L278】. The shift comes amid record highs for BNB and surging volumes in coins like ENA, BONK and PENGU, suggesting an early altseason. While reduced dominance can reward nimble traders, it may signal increased volatility for Bitcoin; risk management remains essential.
