$SUI According to the latest market analysis, the total market capitalization of altcoins has broken through the key resistance level of **$1.23 trillion** (a new high since March 2025), confirming a trend reversal, with the following technical characteristics:

1. **Upward Target**: The head and shoulders bottom pattern suggests a target range of **$1.55-1.60 trillion** (approximately a 25% increase from the current level), with a weekly volume breakout supporting continued momentum.

2. **Capital Rotation**: After high volatility in Bitcoin, capital has flowed into mid to low market cap altcoins (such as Kaspa, VeChain, etc.), focusing on technological implementation and undervalued targets.

3. **Institutional Dominance**: The process of compliance (such as expectations for XRP, SOL spot ETFs) and corporate asset reserves (BNB, HYPE, etc.) are driving structural opportunities, but differentiation is intensifying, necessitating caution regarding low liquidity project risks.

**Short-term Trend**: If BTC.D (Bitcoin market cap dominance) falls below 60%, the altcoin season may fully ignite; conversely, the pressure for a pullback increases.