ETH surged 20% in a single day, turning Vitalik back into "V God" overnight. Altcoins are generally on the rise—could the crazy altcoin season that never stops be coming? Don't miss these 4 key insights!
Attention! ETH successfully reversed BTC, with the exchange rate soaring by 15%. Historically, when the ETH/BTC exchange rate rises, funds tend to flow from BTC to other cryptocurrencies, driving overall market enthusiasm.
1⃣ Analyst Michaël van de Poppe: The current total market capitalization of altcoins (ALTCAP) is stabilizing at a critical support level and may be poised for a breakout. Altcoin ETFs potentially approved in 2025 (such as Litecoin, Solana, and Ripple) could further inject funds into the altcoin market.
2⃣ Analyst Benjamin Cowen: BTC dominance may need to fall below 54% to trigger a significant rotation of funds into altcoins.
Note: BTC's market dominance is at 64.7%, the highest level since 2021. This indicates that market funds are still primarily concentrated in BTC. If dominance does not decline, it will limit the performance space for altcoins.
3⃣ Former Goldman Sachs executive Raoul Pal: BTC dominance has peaked today. If this judgment holds true, the altcoin season is imminent.
4⃣ K33's David Zimmerman: Times have changed. The altcoin market faces token unlocks of $4.3 billion in May, $2.8 billion in June, and $3.2 billion in July. These unlocks require substantial new liquidity to absorb. Without any significant surge in demand or new retail inflows, there will be downward pressure. While some altcoins may perform well, the window of opportunity is limited and increasingly short-lived.
What do you think?
#ETH #Ethereum #Altcoins #Alicoin
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