Altseason Spark

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Key takeaways

Ethereum’s breakout and a 41% surge in altcoin market cap is a sign of a possible shift in momentum. While it’s not officially altseason yet, the signs are clearly pointing in that direction.

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. 🤷‍♀️

ETH breaks out against BTC as dominance shifts

Ethereum, after a lengthy period of…well, let’s call it thoughtful contemplation, has finally decided to participate. 26.93% weekly gains against Bitcoin? Good for her. The ETH/BTC chart is flashing green like someone’s aggressively celebrating St. Patrick’s Day. ☘️ 0.03153! What does it even mean?

This delightful rally coincides with Bitcoin’s market dominance doing a little downward shuffle. Down to 61.05%. Apparently, that’s the lowest it’s been in…over two months. Oh, the drama! 🎭 As capital rotates away from BTC (probably to buy more artisanal cheese 🧀), Ethereum’s looking rather pleased with itself.

It’s all rather…cyclical, isn’t it? Like the tide, or my attempts to keep my houseplants alive. 🌱

Ethereum as a harbinger of altseason

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%. And Ethereum, naturally, is taking credit. Such a sharp rise! You’d think they’d have celebratory fireworks. 🎉

Ethereum’s big performance has drawn capital away from Bitcoin like moths to a particularly bright, vaguely unsettling flame. 🔥

Altseason isn’t official yet – but we see the signs

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. 🥖

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2025-07-21 08:43