Bitcoin dominance climbs to 69.9% as on‑chain signal points to end of bear market

Bitcoin's market dominance rose to 69.9% amid heightened fear, showing that capital is concentrating in the leading cryptocurrency rather than spreading to smaller assets. A report by venture firm a16z notes that traditional finance firms are using blockchain to improve existing operations, with firms like JPMorgan, BlackRock and Franklin Templeton launching tokenised money‑market funds.

CryptoQuant analyst Darkfost highlighted a rare on‑chain indicator: the cost basis of short‑term investors fell below that of long‑term holders for three consecutive days. This pattern has historically appeared in the final stage of Bitcoin bear markets and often precedes the start of a new bull phase. Bitcoin remained above a critical support level near $60,000 despite recent selling pressure.