#Altseason IS HERE?
Altcoins Outshine Bitcoin — But Risks Loom
Bitcoin’s dominance has slipped to 57.07%, while the Altcoin Season Index stays high at 75/100, showing traders are piling into alts despite BTC holding steady near $116K. BNB Chain is leading the charge: BNB is up 13% in 7 days after its $1B token burn, TVL hit $4B, and linked projects like Crepe gained 65% daily.
Perp DEXs such as Aster (+1,765% in 7 days) and Orderly are fueling speculation with high leverage, causing $431M in liquidations in 24 hours. This altcoin frenzy could quickly unwind if BTC moves sharply.
Bottom line: Altcoins are in the spotlight, but keep an eye on BTC dominance (57% support) and BNB’s price ($900) for signs of a reversal.