#altcoins

Emergen🤿

The dominance of Bitcoin has fallen to 64.58%, showing structural weakness as altcoins gain ground.

The narrative of the start of altcoin season is gaining strength, with 98% of altcoins outperforming BTC in July.

Technical analysis reveals the formation of a bearish pattern, suggesting a further decline in dominance levels.

This aligns with historical trends where summer months act as accumulation zones before strong increases.

Fundamental Catalysts Emerging capital rotation patterns, as investors shift from BTC to undervalued altcoins in search of higher returns.

Regulatory winds are changing with the GENIUS Act and SEC guidelines for ETFs, paving the way for institutional inflows.

Meanwhile, Ethereum's scalability upgrades and cross-chain protocols enhance the utility of altcoins, creating unusual upward dynamics despite stable BTC dominance.

Macroeconomic signals such as potential rate cuts by the Fed further reinforce the appetite for risk.