Altcoins Refuse to Crash... Here's What That Means
The June 15 market update breaks the week into three buckets: the bad, the good, and the potentially great. The bad is that the total crypto market cap is still printing lower highs and lower lows on the weekly chart, sitting around $2.28 trillion. The good is that altcoins — measured without the top 10 coins — are not following that pattern. The potentially great is what's happening in the oil market, and why that might matter more than any crypto chart on the screen.
The Total Market Is Still Bitcoin in Disguise
On a weekly time frame, the total crypto market cap shows a series of lower highs and lower lows. By that definition, it's a bear market until proven otherwise. Momentum on the MACD has shifted, which on a weekly chart is usually worth noting, but a momentum shift isn't a trend change.
Here's the catch: Bitcoin is roughly 60% of the total market cap, so the total chart is mostly just mirroring Bitcoin. Ethereum shows the same recent structure, sitting right on its long-term volume node near $1,600 — the price level with the most traded volume going back to 2021, which makes it a support zone worth watching rather than a guaranteed floor.
If you want context on what the aggregate charts are actually measuring, it helps to understand how total crypto market cap is calculated and read before drawing conclusions from a single weekly bar.
Bitcoin Dominance and the ETH/BTC Signal
Bitcoin dominance (BTC.D on TradingView) is hovering near 60% after being up around 66%. In 2021, dominance fell as altcoins captured a larger share of total market cap. A sustained drop in dominance is one of the clearest signs money is rotating outward, so it's worth tracking what rising and falling Bitcoin dominance tells you rather than reacting to one week of movement.
The ETH/BTC ratio tells a similar story from another angle. Historically, capital rotated from Bitcoin into Ethereum, then into altcoins. Important nuance from the video: Ethereum outperforming Bitcoin doesn't require Bitcoin to fall. If ETH gains 20% while BTC gains 10%, ETH is outperforming and both are up. Right now, Bitcoin has been outperforming Ethereum — so reading the ETH/BTC ratio as a rotation signal still points to "not yet."
The Others Chart Is the Part That Stands Out
The "others" chart strips out the top 10 coins by market cap, leaving roughly the next 100 to 125. That removes Bitcoin and Ethereum entirely and asks a simple question: what is everything else doing?
The answer is that altcoins have been going sideways to slightly up while the majors absorbed a steady stream of macro bad news. On the weekly MACD, the last bullish crossover — marked by red arrows on the chart — has not yet flipped to the downside, and volume is roughly in line with prior moves. That divergence is the headline of this update. It's one indicator among many, not a confirmation, but it's the first chart in this cycle that doesn't look like Bitcoin's.
Tracking dominance, ETH/BTC, and the others chart side by side is exactly the kind of multi-chart workflow that's easier with saved layouts and alerts. If you want to build a crypto charting setup with alerts and custom indicators, TradingView is the tool used throughout this update — the same BTC.D and volume profile views shown on screen.
Why Oil Might Matter More Than Any Crypto Chart
The final section is macro. Oil futures sat near $74 after peaking around $110–112 during the Iran conflict — roughly a 36% drop. With the UAE exiting OPEC supply limits, Venezuelan output recovering, and US production at multi-year highs, the argument is that oil could push below the $56–62 lows of the past five years.
Lower energy costs reduce inflation pressure, improve consumer spending and corporate earnings, raise the odds of rate cuts, and push investors back toward risk assets. That's the "potentially great" case: the crash everyone expects may end up being a correction instead. No guarantees — markets correct 10–20% and crash 40–50% eventually, and nobody knows the timing.
If you want to walk through these charts live, the Crypto School community at skool.com/crypto-profit runs a market update webinar five days a week alongside full courses on trading, investing, and the four ways to make money with crypto.
Educational content only. Not financial advice.
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