Recent data indicates a significant shift in crypto investments, with Ethereum outpacing Bitcoin in net capital. Analysts believe this could be a sign of the altcoin season beginning.
Ethereum Leads the New Altcoin Season
According to Glassnode, Ethereum's net capital change stands at $0.0661 while Bitcoin's is at $0.0478. This difference indicates a shift in investor interest towards altcoins.
A Strong Shift Toward Altcoins
Bitcoin remains strong, currently trading at $118,534.18. However, its slower capital inflow compared to Ethereum suggests that traders are seeking better returns in alternative assets.
Historical Perspective on Altcoin Seasons
Historically, the crossover of ETH and BTC net capital change has served as a reliable indicator for altcoin rallies. Current data supports the theory that the altcoin season is officially starting.
Given the increasing interest in altcoins and noticeable capital changes, experts are optimistic about future trends in the cryptocurrency market.
