Key takeaways
Ethereum’s breakout and a 41
Bitcoin, bless its heart, has finally decided to share the room. After weeks of hogging the spotlight like a toddler at a tea party 👶, Ethereum has been having a surprisingly good time. Four consecutive weeks of gains against Bitcoin! Can you believe it? I mean, Bitcoin’s dominance is slipping faster than my will to do laundry on a Sunday. 🧺📉 And the altcoin market cap? Soaring! $1.45 trillion, they tell me. Apparently, people are moving their money. Started back in July, they say. July! I was busy perfecting my sourdough starter in July. Priorities, people. 🍞 The Altcoin Season Index is nearing some sort of tipping point, which basically means everyone’s getting excited, and I’m trying to remember what I had for breakfast. 🤷♀️ Ethereum, after a lengthy period of…well, let’s call it thoughtful contemplation, has finally decided to participate. 26.93
This delightful rally coincides with Bitcoin’s market dominance doing a little downward shuffle. Down to 61.05
It’s all rather…cyclical, isn’t it? Like the tide, or my attempts to keep my houseplants alive. 🌱 The altcoin market is heating up faster than a microwave burrito. 🚀 From a low of $1.06 trillion to $1.5 trillion, apparently. TOTAL2—whatever *that* is—soared by more than 41
Ethereum’s big performance has drawn capital away from Bitcoin like moths to a particularly bright, vaguely unsettling flame. 🔥 Coinglass’s altcoin season index is at 51. Apparently, that’s something. It’s past the halfway mark! I’m assuming this is cause for mild excitement, or at least a slightly raised eyebrow. It hasn’t crossed the magic number 75 yet, but it’s trending! Like my waistline after the holidays. 🍩 Glassnode tells us that capital started flowing into altcoins way back in early July. The short-term averages are above the long-term ones. It’s all terribly technical. I just know things are happening. 😵💫 This all seemed to line up with Ethereum’s breakout. Correlation, causation, who can tell? 🤷♂️ It may not be a full-blown altseason just yet, but the signs are…familiar. Like a recurring dream about being chased by a flock of pigeons. 🕊️ And investors? Well, they’re noticing, which means I should probably pay attention. Or, you know, just keep perfecting my sourdough. 🥖 2025-07-21 08:43ETH breaks out against BTC as dominance shifts
Ethereum as a harbinger of altseason
Altseason isn’t official yet – but we see the signs
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