Identifying the 60% Bitcoin dominance problem for Ethereum bulls

The article argues the crypto market remains Bitcoin-led, stalling an altcoin season. ETH has underperformed BTC in 2026, with the ETH/BTC pair down roughly 20% YTD, signaling capital preference for Bitcoin. Institutional flows show weekly net outflows of about $1.26 billion from Bitcoin spot ETFs and roughly $216 million from Ethereum spot ETFs, indicating reduced risk appetite and little rotation into altcoins. Bitcoin dominance (BTC.D) holding around ~60% further constrains altcoin rallies; absent a weakening in BTC dominance, improving ETH/BTC, and positive ETF flows, broader altcoin strength looks unlikely in the near term. Short-term bounces for altcoins remain possible, but market structure favors BTC for now, limiting upside for Ethereum and other altcoins.