Bitcoin sees a significant rise, reaching a historical level of $100,000 this new week. This development attracts interest from both institutional and retail investors.
Altcoin Season Index and Bitcoin Dominance
Blockchaincenter.net's Altcoin Season Index is at 53, indicating it's not yet altcoin season. BTC dominance at 58% suggests the possible return of the altseason. Crypto market capitalization, excluding BTC, is at $1.41 trillion, maintaining support levels.
On-chain Analysis of Top Altcoins and Holders
Supply of Bitcoin and Ethereum on exchanges is decreasing, while the number of XRP and DOGE holders is increasing. Lower selling pressure and high interest in altcoins suggest a possible return of the altseason.
Whale Stablecoin Supply and Cycle Expectations
Whale stablecoin holdings have risen over 5% in the last 30 days. Increased stablecoin holdings are often associated with higher buying pressure on Bitcoin and altcoins.
The return of institutional interest and market indicators suggest the possibility of further growth. Capital inflow into Bitcoin ETFs highlights an improving outlook for the crypto market.
