TLDR
- 98% of altcoins outperformed Bitcoin over the last 48 hours, signaling a potential mini altcoin season
- Whale accumulation has increased significantly compared to retail investors since late June
- Bitcoin’s dominance dropped from 66% to 64%, indicating capital flow into altcoins
- The TOTAL3 chart bounced off key support at $830 billion, aligned with the 100-week moving average
- Ethereum needs to break above $2,800 resistance to confirm broader altcoin recovery
The cryptocurrency market is experiencing a shift in momentum. Altcoins have started outperforming Bitcoin after years of lagging behind the leading cryptocurrency.
Data from analyst Joao Wedson reveals that 98% of altcoins performed better than Bitcoin over a 48-hour period. This surge pushed altcoin performance into what analysts call the “altseason zone.”
98% of Altcoins have already outperformed BTC in the last 48 hours. This is a mini Altcoin Season.
After months of saying that June and July would heat up the altcoin market — this is just the beginning!
Few will believe we’re in an Altcoin Season because the media and baseless… pic.twitter.com/cWisccFcDr
— Joao Wedson (@joao_wedson) July 9, 2025
Bitcoin’s price remained relatively stable between $110,000 and $112,000 during this period. Meanwhile, the Altcoin Performance Index showed extreme volatility.
ETF inflows tell a similar story. Bitcoin ETFs attracted $200 million while Ethereum ETFs saw $211 million in inflows. Solana staking ETFs have also gained traction.
Whale Activity Intensifies
Whale investors have been accumulating altcoins at a faster pace than retail traders. The Whale vs Retail Ratio has stayed above 1.1 since the end of June.
Major whales have shown high activity across multiple altcoins. Algorand (ALGO), Chainlink (LINK), and Uniswap (UNI) have seen particularly strong whale interest.
This imbalance between whale and retail activity often precedes major market movements. The correlation between rising prices and whale accumulation suggests large players are positioning for a potential market turn.
Bitcoin’s market dominance has been declining. The metric fell from 66% to 64%, breaking below key support levels.
Technical Indicators Point to Recovery
The TOTAL3 chart, which tracks all cryptocurrencies except Bitcoin and Ethereum, shows early recovery signs. The index bounced from the $830 billion level, which aligns with the 100-week simple moving average.
Current market cap sits near $875 billion. This remains over 40% below the previous cycle’s peak, but momentum is building.
Volume has increased alongside the price bounce. Many altcoins are recovering from deeply oversold conditions.
The recent weekly candle posted a strong green body. This suggests renewed interest in the altcoin segment.
Technical analysts note that reclaiming the 50-week moving average above $900 billion would confirm the recovery. The overall structure shows higher lows forming since late 2022.
The #altcoin market is bouncing off the support.
The question is, will it be a sustainable bounce or just a quick rebound before diving deeper? pic.twitter.com/mELrLjoaTc
— Carl Moon (@TheMoonCarl) July 10, 2025
Ethereum plays a crucial role in altcoin market dynamics. The second-largest cryptocurrency has been consolidating in a defined range since early May.
A breakout above $2,800 resistance could ignite broader participation across altcoins. Many investors are positioning early in anticipation of this move.
Over-concentration into altcoin territory has occurred several times since June. Not all instances lasted, making the current surge’s longevity uncertain.
The market structure suggests a potential breakout formation is developing. Price compression often precedes explosive moves in either direction.
Carl Runefelt’s analysis shows altcoins bouncing off key support in Bitcoin terms. This bounce could indicate the beginning of a recovery rally if capital rotation from Bitcoin accelerates.
The post Altcoins Outperform Bitcoin as 98% Show Gains in 48-Hour Trading Period appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.