7 月 20 日，据行情数据，比特币市占率（BTC.D）连续 8 天下降，目前降至 61.15%，已低于 2024 全年峰值 61.53%。
此前报道，Matrixport 表示，比特币市占率持续下降才意味着山寨季真正到来。

<div><p>7 月 20 日，据行情数据，比特币市占率（BTC.D）连续 8 天下降，目前降至 61.15%，已低于 2024 全年峰值 61.53%。</p><p>此前报道，Matrixport 表示，比特币市占率持续下降才意味着山寨季真正到来。</p></div>

比特币市占率已降至低于2024全年峰值

On July 20th, according to market data, the Bitcoin market dominance (BTC.D) has been declining for 8 consecutive days, currently dropping to 61.15%, which is lower than the peak of 61.53% for the entire year of 2024.

Previously reported, Matrixport stated that the continuous decline of Bitcoin market dominance truly signals the arrival of the altcoin season.

<div><p>On July 20, according to market data, the Bitcoin market dominance (BTC.D) has been declining for 8 consecutive days, currently dropping to 61.15%, which is lower than the peak of 61.53% for the entire year of 2024.</p><p>As previously reported, Matrixport stated that a continuous decline in Bitcoin market dominance truly signals the arrival of the altcoin season.</p></div>

Bitcoin's market share has fallen below its peak in 2024

In the crypto world, what truly determines victory is never code, but the interplay between liquidity, power, and regulation. The rise and fall of BUSD is not merely a tragic tale of a stablecoin, but a financial war waged by exchanges attempting to "unify the world."

When BUSD was thrust onto the historical stage, it carried not only a compliance narrative, but also Binance's ambition to reshape the stablecoin order through coercive measures—by manipulating exchange rates and merging trading pairs, directly swallowing competitors' liquidity into its own ledger.

The "automatic conversion" of 2022 was a textbook example of a blitzkrieg; and 2023...

The Rise and Fall of Binance's Dominance: From BUSD's "Unification" to $U's "Conquering the World"—The Stablecoin Wars

Source: Galaxy Research; Translation: Jinse Finance xz
Bitcoin's closing price in 2025 is expected to be roughly the same as the level at the beginning of the year.
The cryptocurrency market experienced a genuine bullish wave in the first ten months of this year. Regulatory reforms continued to advance, ETFs continued to attract funds, and on-chain activity became increasingly active. Bitcoin hit an all-time high of $126,080 on October 6th.
However, the market failed to deliver the expected breakthrough after the initial frenzy; instead, it experienced rotation, repricing, and rebalancing. This was driven by factors such as unmet macroeconomic expectations, a shift in investment narratives, leveraged margin calls, and massive...

Galaxy: 26 Predictions for the Crypto Market in 2026

Messari released "The Crypto Theses 2026," a report that predicts future trends in public blockchains, DeFi, AI, DePIN, and TradFi. From Messari's perspective, 2026 will be a pivotal year for cryptocurrencies, marking a shift from "speculative" to "system-level integration."

Author: Messari
Compiled/Translated by: ODIG Invest
Messari Releases "The Crypto Theses 2026"...