Asia Colour

While BTC and ETH traded sideways over the weekend, SOL outperformed both majors as it rallied ~17% from Friday’s lows. It does seem like SOL and other altcoins are starting to gain some traction especially with a pro-crypto Trump administration. So is alt-coin season around the corner?

Historically, we’ve seen altcoins outperform whenever the majors consolidate after a significant rally as profits rotate into smaller-cap coins. BTC’s dominance is around 60% now and it will probably need to be around <58% to signal the start of altcoin season.

Investors might not be ready to fully rotate into altcoins just yet as BTC does seem to have more legs to go before that 100k milestone. As we anticipate pro-crypto policies from the Trump administration and more rate cuts, we won’t be surprised to see altcoin season in full swing in the coming months.

Despite having nett ETF outflows last Thursday and Friday, BTC still looks relatively well supported and institutional adoption remains strong. Earlier today, Japan’s Metaplanet announced plans to purchase more BTC from funds raised from its bond sales, following the likes of MicroStrategy. Seems like predictions of BTC at 100k aren’t a pipedream anymore as the political and institutional stars start to align.