Strong rise in the dominance of alternative currencies indicates a significant market shift

Recent market movements suggest the beginning of an altcoin season, with Bitcoin's dominance declining to 17% of futures volume compared to a rise in altcoins to 83%. Ethereum has also increased by 170% from its lows, now just 23% away from its all-time high. There is a decline in individual traders' interest in Bitcoin, and a noticeable increase in alternative contract trading enhances the likelihood of a strong surge for altcoins during August