The cryptocurrency market is experiencing a shift as Bitcoin’s recent price surge cools down. Traders are turning their focus to Ethereum and other mid-cap tokens, marking the start of what many believe will be another ‘altseason.’ Analysts suggest this trend is reminiscent of previous cycles where capital flows from Bitcoin into Ethereum before eventually spreading across the broader market. Ethereum is benefitting from steady inflows into its Exchange Traded Fund (ETF) while speculation around potential Solana and XRP ETFs are fueling investor enthusiasm, potentially accelerating a rally in digital assets. Crypto expert Lark Davis points to this shift as a classic market cycle pattern. He explains that Bitcoin’s recent rise has been followed by Ethereum outperformance before liquidity flows into smaller-cap tokens. He argues the current rotation is already underway as Bitcoin dominance starts to peak, indicating capital shifting from Bitcoin towards Ethereum. Davis outlines key opportunities for investors looking ahead: Ethereum remains a core driver of wider market growth once it consistently surpasses Bitcoin in price. He highlights Solana’s potential as an asset supported by ETF speculation and its expanding DeFi and NFT ecosystem. He also sees XRP benefiting if the ETF speculation intensifies. Beyond the major tokens, Davis points to assets with reflexive economic structures like dYdX and Hyperliquid (Hype), which utilize buyback-and-burn mechanisms. These protocols have already directed more than $1.3 billion of trading fees into buybacks, while other projects like Jupiter, Raydium, and Chainlink are adopting similar strategies to increase token demand. Finally, the rise in meme coins, often viewed as speculative but highly liquid, offers another entry point for traders. Recent rallies in tokens like BONK, PENGU, and FART highlight how retail-driven flows can ignite quickly in this sector. Ultimately, while altcoin seasons rarely begin abruptly, this current market environment with ETF inflows, changing dominance metrics, and early signs of capital migration suggest we might be witnessing one of the most active cycles in recent years.