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QCP Capital: Signs of Altcoin Season Emerge, Institutional Funds Accelerate Positioning in Ethereum
Summary: According to reports, QCP Capital announced on its official channel that multiple indicators suggest the onset of altcoin season. The altcoin season index has surpassed 50, reaching a new high since December last year. The open interest in Ethereum perpetual contracts surged from $18 billion to $28 billion within a week, with institutional funds driving ...
According to reports, QCP Capital announced on its official channel that multiple indicators suggest the onset of altcoin season. The altcoin season index has surpassed 50, reaching a new high since December last year. The open interest in Ethereum perpetual contracts surged from $18 billion to $28 billion within a week, with institutional funds driving the current uptrend.
The passage of the 'GENIUS Act' has provided a clear regulatory framework for stablecoin issuance, prompting corporate finance departments to view ETH, SOL, XRP, ADA, and others as the new generation of crypto reserve assets. Furthermore, if a staking Ethereum spot ETF is approved, it is expected to further shift institutional allocations from Bitcoin ETFs to ETH.
Last week, ETH spot ETF saw net inflows exceeding BTC for two consecutive days, boosting confidence among institutions like BlackRock. The options market also shows strong bullish signals, with optimistic expectations for the fourth quarter.
The current Bitcoin dominance has dropped from 64% to 60%, while ETH dominance has risen to 11.6%. Overall, it appears that a new altcoin season has officially begun.
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Link: QCP Capital: Signs of Altcoin Season Emerge, Institutional Funds Accelerate Positioning in Ethereum [Copy]
