Current picture
The dominance of Bitcoin has stopped growing, and part of the liquidity is beginning to flow into major altcoins. This is not an 'alt season', but an early stage of rotation, when the market is looking for new balance points.
Ethereum and major L1 networks demonstrate relative stability, while speculative assets respond faster.
Why is this happening
participants fix profits in BTC
the market is looking for assets with greater price movement amplitude
interest in infrastructure projects is increasing
The nearest market expectations
1. local impulses in individual altcoins
2. maintaining dependence on BTC movement
3. increase in intraday volatility
Output
Rotation is a process, not an event. And it is rarely linear.
AVAX
9.12
+1.10%
SOL
83.16
+1.45%
ETH
2,261.28
+1.50%