After Bitcoin’s Record Run, Altcoins SEI, ARB, and OP Appear to Be Next in Line
- After Bitcoin hit a new all-time high, capital has begun rotating into major altcoins like SEI, ARB, and OP
- SEI Network has led the charge, surging over 20% as its on-chain metrics show booming growth
- This capital rotation is a classic sign that the next phase of the bull run, or “altseason,” is starting
The altcoin market – including Sei (SEI), Arbitrum (ARB), and Optimism (OP) – rallied in tandem with Bitcoin (BTC) in the past two days. The established four-year crypto capital rotation has escalated in the past few weeks, as observed in the notable cash inflows to the U.S. spot Ether ETFs amid rising demand for altcoins by institutional investors.
Furthermore, more than a dozen spot altcoin ETFs are awaiting final decision from the U.S. SEC. As a result of the rising demand for altcoins, the TOTAL3 market cap, which excludes Ethereum (ETH) and Bitcoin, has broken out of a falling logarithmic trend established year-to-date (YTD). The bullish breakout of the TOTAL3 suggests the onset of the awaited 2025 altseason.
Related: The Great Transfer of Wealth from Bitcoin to Altcoins Has Begun
SEI Network with a 20% Surge
The mainstream adoption of DeFi p…
The post After Bitcoin’s Record Run, Altcoins SEI, ARB, and OP Appear to Be Next in Line appeared first on Coin Edition.
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Tether/Circle Stablecoin Supply Growth Signals Strong Liquidity Backing Crypto Rally
After Bitcoin’s Record Run, Altcoins SEI, ARB, and OP Appear to Be Next in Line
- After Bitcoin hit a new all-time high, capital has begun rotating into major altcoins like SEI, ARB, and OP
- SEI Network has led the charge, surging over 20% as its on-chain metrics show booming growth
- This capital rotation is a classic sign that the next phase of the bull run, or “altseason,” is starting
The altcoin market – including Sei (SEI), Arbitrum (ARB), and Optimism (OP) – rallied in tandem with Bitcoin (BTC) in the past two days. The established four-year crypto capital rotation has escalated in the past few weeks, as observed in the notable cash inflows to the U.S. spot Ether ETFs amid rising demand for altcoins by institutional investors.
Furthermore, more than a dozen spot altcoin ETFs are awaiting final decision from the U.S. SEC. As a result of the rising demand for altcoins, the TOTAL3 market cap, which excludes Ethereum (ETH) and Bitcoin, has broken out of a falling logarithmic trend established year-to-date (YTD). The bullish breakout of the TOTAL3 suggests the onset of the awaited 2025 altseason.
Related: The Great Transfer of Wealth from Bitcoin to Altcoins Has Begun
SEI Network with a 20% Surge
The mainstream adoption of DeFi p…
The post After Bitcoin’s Record Run, Altcoins SEI, ARB, and OP Appear to Be Next in Line appeared first on Coin Edition.
Read More