Odaily News Ryan Lee, chief analyst at Bitget Research Institute, said that Bitcoin's dominance has recently fallen back to the 59%-61% range. At the same time, the Altcoin Season Index is on an upward trend, indicating that funds are rotating to mainstream altcoins such as Ethereum, XRP, and Solana. The relevant assets have risen by 20%-40% recently.
Ryan Lee pointed out that “the active performance of sectors such as AI, RWA and Memecoin also shows that the market is paying close attention to specific narratives. However, the Alt Season Index has not yet broken through the 75% confirmation threshold, and the current market is more likely to be a phased rotation rather than a fully launched Alt Season. If the market is to continue until the middle and late third quarter, the key lies in whether Bitcoin’s market share can continue to be below 60%. At the same time, institutional capital inflows, favorable regulations, and improved fundamentals of Layer1 and DeFi sectors are all important signals to confirm the launch of the Alt Season.”