Is Altcoin Season Here? Bitcoin Dominance Drops as Institutional Futures Volume Hits Record High
- Bitcoin dominance has dropped to 55%, signaling potential altcoin season.
- Binance futures hit a record $2.6 trillion in August, driven by institutional flows.
- Gold’s rally may be peaking, opening the door for stronger altcoin momentum.
Bitcoin’s market share has dropped to 55% from highs of over 62% this summer, marking a seven-point decline similar to past cycles where altcoins such as Ethereum and Solana captured investor attention.
According to the Altcoin Season Index, which now stands at 63, conditions are tipping closer toward the altcoin season than a Bitcoin-led cycle.
This shift has been accompanied by renewed institutional flows. Networks like Solana are drawing treasury allocations, while Ethereum continues to drive gains across the altcoin sector.
Analysts warn that Bitcoin now faces two psychological thresholds, i.e., dominance could rebound if it pushes back to 63%, or slip further if it falls to 53%, a scenario that would likely favor an altcoin rally.
Bitcoin’s market share has dropped to 55% from hi…
The post Is Altcoin Season Here? Bitcoin Dominance Drops as Institutional Futures Volume Hits Record High appeared first on Coin Edition.
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Is Altcoin Season Here? Bitcoin Dominance Drops as Institutional Futures Volume Hits Record High
- Bitcoin dominance has dropped to 55%, signaling potential altcoin season.
- Binance futures hit a record $2.6 trillion in August, driven by institutional flows.
- Gold’s rally may be peaking, opening the door for stronger altcoin momentum.
Bitcoin’s market share has dropped to 55% from highs of over 62% this summer, marking a seven-point decline similar to past cycles where altcoins such as Ethereum and Solana captured investor attention.
According to the Altcoin Season Index, which now stands at 63, conditions are tipping closer toward the altcoin season than a Bitcoin-led cycle.
This shift has been accompanied by renewed institutional flows. Networks like Solana are drawing treasury allocations, while Ethereum continues to drive gains across the altcoin sector.
Analysts warn that Bitcoin now faces two psychological thresholds, i.e., dominance could rebound if it pushes back to 63%, or slip further if it falls to 53%, a scenario that would likely favor an altcoin rally.
Bitcoin’s market share has dropped to 55% from hi…
The post Is Altcoin Season Here? Bitcoin Dominance Drops as Institutional Futures Volume Hits Record High appeared first on Coin Edition.
Read More