On Monday, users of the TradingView platform observed a technical error that incorrectly displayed a sharp decline in Bitcoin market dominance. The indicator dropped from 60% to 24%, creating a false impression of a massive shift in capital toward alternative cryptocurrencies.
The error stemmed from a malfunction in the platform's calculation of the total crypto market value, which suddenly surged above $6 trillion. Since TradingView calculates dominance based on the 125 largest assets, this artificial inflation of the total market cap caused Bitcoin's relative share to appear significantly smaller.
Data from other sources confirmed that the market situation remained unchanged. CoinMarketCap reported Bitcoin dominance at 60.3%, while the Altcoin Season Index on CoinGlass stood at 44 out of 100. For an official altcoin season to be declared, this index must reach a score of 75.
TradingView has not yet provided a public explanation for the incident. According to the platform's support documentation, such anomalies can occur when a large asset enters or exits the top 125 list, though the company has not confirmed if this specific event caused the error.
