Altcoins are in control in a vibrant market
Bitcoin is gradually losing its edge as altcoins outperform, the first signal of an 'altseason'.
The flow of capital into high-risk tokens like ETH, PEPE, and SUI indicates a rising risk appetite.
With Bitcoin's [BTC] dominance chart showing signs of exhaustion, attention is quickly shifting.
Analysts believe we are on the brink of a true 'altseason' – a time when investors move away from BTC to focus on emerging tokens.
When the market returns with new momentum, a strong rally of altcoins may have already begun.
Source: Alphractal
More than half of the tracked altcoins – 31 out of 57 – have surpassed Bitcoin in the last 60 days, showing a clear shift in the market.
Memecoin Pepe [PEPE] leads with an incredible profit of 117%, followed by EOS [EOS], THORChain [RUNE], and Sui [SUI] performing well.
Ethereum [ETH], often seen as an indicator of altcoin health, has increased by 40%, surpassing Bitcoin at 24%. This trend indicates growing investor interest in high-risk assets, especially as BTC's dominance declines.
In the market, there is a strong rotation towards altcoins with new stories, high volumes, and breakout potential.
Tracy Jin, COO of MEXC, shared with TinTucBitcoin,
"Initial signs have appeared: USDT dominance is decreasing, price structures on the altcoin chart are improving, and interest in leading groups like Monero, Sui, and Bittensor is increasing..."
She added,
"Still in the 'Bitcoin' season, but the basis for altcoin rotation is becoming evident."
Source: Alphractal
Signs indicate that BTC's dominance is sharply declining
Bitcoin's price has halted near recent peaks, while the dominance rate of altcoins is rapidly increasing. History shows that these differences often lead to a breakout in the altcoin market.
"Bitcoin's dominance has significantly decreased – from 65% to 62% – while the market capitalization of altcoins has increased by $300 billion in a few weeks. This shift is not happening randomly."
After a long period of 'Bitcoin season' with dominance and capital concentration, traders are now moving away from BTC to seek higher-risk investment opportunities – which could trigger a strong growth wave in altcoins.
Adjustments are not collapses!
As BTC approaches a local peak and shows signs of exhaustion, a short-term decline is predicted. History shows that this phase often leads to a flow of capital into altcoins, especially those with strong stories and momentum.
Tracy Jin further explains,
"If the flow of capital continues in this direction, the first altseason could arrive sooner than expected. Traders are seeking significant profits, especially as BTC seems to be overextended."
When risk appetite increases and BTC adjusts, capital often shifts to low-cap tokens with high growth potential.
For experienced investors, this is the time for strategic positioning – an opportunity to capitalize as altcoins begin to enter a growth phase.
Source: https://tintucbitcoin.com/mua-altcoin-sap-den-chuan-bi-cung-nha-giao-dich/
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