CoinVoice has learned that Ryan Lee, the chief analyst at Bitget Research Institute, stated that Bitcoin's dominance has recently fallen back to the range of 59%-61%, while the altcoin season index shows an upward trend, indicating that funds are rotating towards mainstream altcoins such as Ethereum, XRP, and Solana, with related assets recently rising by 20%-40%.
Ryan Lee pointed out that the active performance of sectors such as AI, RWA, and Memecoin also shows the market's strong attention to specific narratives. However, the altcoin season index has not yet broken through the confirmation threshold of 75%, and the current market situation is more likely to be a phase of rotation rather than a full-blown altcoin season. To extend the market trend into the late third quarter, the key lies in whether Bitcoin's market share can remain below 60%. At the same time, institutional capital inflows, favorable regulations, and improvements in the fundamentals of Layer 1 and DeFi sectors are all important signals confirming the start of altcoin season. [Original link]
