Is an Altcoin Season Imminent? Analyzing the Latest Market Trends

After a recent recovery in the crypto market, Ethereum’s price has outpaced Bitcoin’s over the past few weeks. This trend is leading to potential shifts in Bitcoin dominance, with analysts observing a decline in BTC’s share of the total market cap. Institutional investors are increasingly turning towards altcoins, evident through fund flows into US Spot Bitcoin ETFs and other recently approved altcoin ETFs. Notably, the Solana ETF has exhibited no outflows since its launch, while Bitcoin ETFs have faced substantial outflows this week. This shift in investment strategy fuels speculation about a potential altcoin season.