Hold on to your seats, everyone! 🚀 Get ready because a giant wave of capital is entering altcoins while Bitcoin flirts with $120,000! 🤯 This is not a drill; we could be on the brink of an "altcoin season" that changes everything! 💰
Bitcoin's dominance, which is like its market share, has fallen sharply. It dropped over 6.3% in recent weeks and is now at 60.5%! 📉 This is the lowest level since March, and according to experts from CryptoQuant,this is a sign that people are starting to look at altcoins. This resembles a lot what happened in 2021, when Ethereum and other coins took off after Bitcoin rang the starting bell! 🔔
Ethereum (ETH) is on fire, having risen 56% in just one month and is already close to $3,854! 🔥 It's just a bit away from its all-time high of $4,871. And do you know why all this commotion? Institutional demand is unstoppable! 🏦 Companies like SharpLink Gaming and BitMine Immersion Technologies are buying massive amounts of ETH, worth billions of dollars! In total, 65 institutions already hold 2.33 million ETH, worth about $8.9 billion! This is almost 2% of the entire Ethereum supply. Crazy! 🤑
The futures volumes of ETH and other altcoins skyrocketed to $223.6 billion, the highest level in five months! 📈 Moreover, the perpetual futures volume of Ethereum surpassed that of Bitcoin for the first time since 2022! 🤯 Altcoins and ETH now represent 83% of the total futures volume. Now that's a change of guard!
And it's not just the big players moving the needle. Small investors are also diving in headfirst! Transactions under $10,000 rose 9.7% in the last month.🚶♂️🚶♀️ This has historically been the precursor to significant rallies. The crypto market as a whole has already added nearly $900 billion in value over the last three weeks, bringing the total market capitalization to $3.9 trillion! 💰
Other altcoins are not far behind: BNB rose 23%, Solana more than 21%, and XRP 44%! Even memecoins like BONK (+148%) and FLOKI (+119%) are flying. 🚀 Of the 424 futures pairs on Binance, only 23 went down. Over 94% of the altcoin market is in the green! 💚
Experts are already shouting it from the rooftops. Merlijn says Bitcoin's dominance has entered "Phase 4," a breakout stage that is the biggest signal of an Altseason. And Ash Crypto confirms it: a parabolic increase is coming! 🚀 A key technical indicator is that Bitcoin's dominance made a bearish cross and broke a three-year uptrend line. This means capital is rotating towards altcoins. Get your wallets ready because the coming weeks could define the course of the second half of 2025 for altcoins! 💥$BONK $XRP $BNB