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🔼 Analysts announce the start of the alt season

According to Santiment analysts, altcoins have already seized the initiative and will continue to grow as long as Bitcoin remains above $110,000. Over the week, many of them have outpaced BTC in dynamics.

Reasons to be cautious:
- BTC MVRV has exceeded May peaks, after which there was a correction.
- ETH sentiment is too optimistic.
- Meme leadership may indicate the final stage of the rally.

The Alt Season Index from CoinMarketCap is 27, Bitcoin dominance is 62.5%. According to experts, the real rally of alts will begin when this indicator falls to 45%.
Strong signals:
- Large wallets (10,000+ ETH) hold 75.7% of all Ethereum, the highest since 2017.
- The number of addresses with 1+ million XRP reached a record high of 2,743.
- Memcoins have gained 17% in a week, which may signal a speculative phase.