TradingView glitch shows Bitcoin dominance dropping to 24% but data was erroneous
A temporary data error on TradingView made Bitcoin's market share appear to plunge, sparking false altcoin‑season hype before other trackers corrected the numbers.
COINMAG NewsroomNewsroom · via COINMAG
Key takeaways
- A TradingView glitch inflated the total crypto market cap to over $6 trillion, causing Bitcoin dominance to appear to fall to about 24%.
- Bitcoin’s price and market cap remained unchanged, and other data providers kept dominance around 60%.
- Analysts warned that a single‑candle drop in dominance is not a reliable signal of an altcoin rally.
On Monday, November 9, a data glitch on the charting platform TradingView briefly displayed the total cryptocurrency market at more than $6 trillion and Bitcoin’s dominance at roughly 24%, a sharp contrast to the roughly 60% share shown by other trackers. The erroneous chart quickly spread on social media, prompting speculation about an imminent altcoin‑season despite Bitcoin’s price staying flat around $75,140.
BTC / USD
What the glitch looked like
TradingView builds its market‑wide total from the 125 largest coins. In a single candle, the platform’s total jumped from about $2.5 trillion to $6.17 trillion, while Bitcoin’s market cap stayed near $1.5 trillion. Because dominance is calculated as Bitcoin’s market cap divided by the total, the inflated denominator caused the displayed dominance to plunge from around 60% to 24.14%.
Other data sources contradict the spike
CoinMarketCap continued to list Bitcoin dominance at 60.3% and its Altcoin Season Index at 40 out of 100, well below the 75‑point threshold that typically signals broad altcoin outperformance. CoinGlass reported a similar figure of 44. Over the weekend, other trackers placed the overall market cap near $2.5 trillion, with Bitcoin’s share ranging from 59% to 60%.
Community reaction and analyst view
The false chart sparked a wave of comments on X, with some users asking whether market makers were hinting at a massive altseason. Analysts quickly pointed out that a genuine altcoin rally requires sustained dominance decline across multiple candles, not a single data spike. The incident echoes a December 2024 TradingView error that briefly showed Bitcoin dominance at 0%, which caused a short‑lived price dip.
What to watch next
Traders should monitor upcoming releases from TradingView for an explanation of the data error and watch whether the platform adjusts its methodology for calculating the market total. In parallel, continued cross‑checking of dominance figures on CoinMarketCap, CoinGecko and other aggregators will be essential to avoid reacting to similar glitches in the future.
COINMAG NewsroomStories researched and written by the COINMAG news desk from multiple independent reports.
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