@whisperbloom
Furthermore, from a structural perspective, funds have begun to gradually shift away from Bitcoin. BTC's market dominance has fallen from 65% in May to 59% in August. Meanwhile, the total Altcoin market capitalization has grown by over 50% since early July, reaching $1.4 trillion. While CoinMarketCap's "Altcoin Season Index" remains around 40, well short of the 75 threshold that traditionally defines an altcoin season, this discrepancy between a low indicator and a surge in market capitalization reveals that funds are selectively flowing into specific sectors, particularly Ethereum (ETH). ETH not only benefits from institutional interest in ETFs exceeding $22 billion, but also carries the core narrative of stablecoins and RWAs, making it a more attractive asset class than Bitcoin.
0 reply
0 recast
0 reaction