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Bitget Research Institute: Altcoin Season Index Shows Upward Trend, Funds May Rotate to Altcoins in Short Term
Summary: According to Bitget Research Institute, Chief Analyst Ryan Lee stated that the dominance of Bitcoin has fallen to the 59%-61% range recently, while the Altcoin Season Index is showing an upward trend, indicating funds are rotating towards mainstream altcoins such as Ethereum, XRP, and Solana, with recent gains of 20%-40%. Lee noted that the active ...
According to Bitget Research Institute, Chief Analyst Ryan Lee stated that the dominance of Bitcoin has fallen to the 59%-61% range recently, while the Altcoin Season Index is showing an upward trend, indicating funds are rotating towards mainstream altcoins such as Ethereum, XRP, and Solana, with recent gains of 20%-40%. Lee noted that the active performance of sectors like AI, RWA, and Memecoin also reflects the market's strong focus on specific narratives. However, the Altcoin Season Index has not yet broken the 75% confirmation threshold, suggesting the current market may be a phase of rotation rather than a full-fledged altcoin season. To sustain the market momentum into the later part of the third quarter, it is crucial for Bitcoin dominance to remain below 60%. Institutional fund inflows, positive regulatory developments, and improvements in the fundamentals of Layer1 and DeFi sectors are all important signals for confirming the start of the altcoin season.
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Link: Bitget Research Institute: Altcoin Season Index Shows Upward Trend, Funds May Rotate to Altcoins in Short Term [Copy]
