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‘98% of altcoins outperformed Bitcoin in the last 48 hours’ – Altcoin season underway? | As Bitcoin approached a new all-time high (ATH), its price fluctuated around $110,000, prompting speculation about a mini altcoin season. Joao Wedson noted that 98% of altcoins outperformed Bitcoin in the past 48 hours, indicating strong performance as they entered altseason territory. Altcoins showed significant volatility, contrasting Bitcoin's stability, and ETF inflows were notable, with $200 million in BTC and $211 million in ETH. Whale acquisition activity surpassed retail, as reflected in the Whale vs Retail Ratio since June, suggesting larger players are preparing for market shifts. Furthermore, Bitcoin’s dominance dropped from a high of 66% to 64%, indicating capital is moving into altcoins. This suggests increased risk tolerance among traders, leading to greater investments in alternative cryptocurrencies when Bitcoin’s influence wanes.