Alongside the sales of bitcoin, an important change in market structure occurred. BTC dominance decreased from 64% to 60% during the period from July 17 to July 21 — a classic sign of the beginning of altseason. When bitcoin stabilizes, investors start looking for higher returns in alternative cryptocurrencies.

Data confirms this trend:

Ethereum, XRP, and Solana showed double-digit growth over the week;

The market capitalization of meme coins increased by 8% and approached $90 billion;

The altseason index rose from 32 to 56 points.