Bitget Research Institute: The Altcoin Season Index shows an upward trend, and funds may rotate to altcoins in the short term

ChainCatcher news, Bitget Research Institute's chief analyst Ryan Lee stated that Bitcoin's dominance has recently fallen to the 59%-61% range, while the altcoin season index is on an upward trend, indicating that funds are rotating towards mainstream altcoins such as Ethereum, XRP, and Solana, with related assets recently gaining 20%-40%.

Ryan Lee pointed out, "The active performance of sectors like AI, RWA, and Memecoins also shows the market's strong focus on specific narratives. However, the altcoin season index has not yet broken through the confirmation threshold of 75%, and the current market situation is more likely a phase of rotation rather than a full-blown altcoin season. To extend the market trend into the later part of the third quarter, the key lies in whether Bitcoin's market share can remain below 60%. At the same time, institutional fund inflows, favorable regulations, and improvements in the fundamentals of Layer 1 and DeFi sectors are all important signals for confirming the start of the altcoin season."