Well, brace yourself! The cries of “Altseason is here!” are gaining traction, and lo and behold, the numbers seem to agree! It appears Ethereum is taking the wheel, leaving Bitcoin in a cloud of digital dust. 🌪️ The altcoins are hitching a ride on this rollercoaster, and things are about to get wild!
ETH has now officially dethroned BTC in weekly spot trading volume! With $25.7 billion raking in last week, Ethereum has left Bitcoin’s $24.4 billion in the dust—marking the end of an era, or perhaps just the beginning of a meme-filled revolution. 🤷♂️
First time in over a year: ETH spot volume > BTC
Last week, ETH checkmated BTC trading with a whopping $25.7B vs. BTC’s $24.4B. The ETH/BTC spot volume ratio broke ground by crossing above 1 for the first time since June 2024.
Looks like investors are packing their bags for ETH and altcoins! 💼✨
— CryptoQuant.com (@cryptoquant_com) July 23, 2025
The trend gets even more exciting (or terrifying, depending on your crypto feelings). The ETH/BTC ETF holding ratio has climbed from 0.05 to 0.12, signaling that institutions are putting Ethereum on their VIP list. Meanwhile, ETH ETFs celebrated their 15-day inflow streak, while Bitcoin funds are looking back longingly at their glory days, facing consistent outflows. Talk about a breakup! 💔📉
On-chain flows also back this thrilling escapade. The ETH/BTC exchange inflow ratio is hanging low, meaning there are fewer ETH transferring to exchanges compared to BTC. This implies lower sell pressure on ETH, leaving the door wide open for Ethereum to keep strutting its stuff if demand stays hot. 🔥
But what does this mean for Bitcoin? Well, it seems like everyone has suddenly decided that it’s not as cool anymore. Glassnode shows that BTC’s market share has dropped from 63.76% to 60.78% in just a week—talk about a harsh reality check with a sharp 2.98 percentage point decline. It’s one of the steepest drops this year, and investors are scrambling for the exits! 🚪💨
As the capital shyly vacates Bitcoin, altcoins are starting to throw a party—loud music, dancing, the works!
Is Altseason Finally Here? 🎉
Even with some of the newer tokens like Solana (SOL) and XRP (XRP) cooling their jets, there’s a sparkle of hope. Total altcoin spot trading volume recently zoomed to $67 billion, the highest since March. Things are heating up in the altcoin party! 💃
And social sentiment? Well, let’s just say it’s flashing green lights. Santiment data reveals crypto chatter is buzzing around altcoins instead of Bitcoin—even in the wake of BTC’s recent surge to $123,000! It’s like they’re saying, “We’re over here, remember us?” 📢
This trend indicates a shift: Ethereum and its altcoin buddies are grabbing the spotlight, pulling attention away from their BTC-rich overlord. It’s a bold new world out there in crypto-land!
However, let’s not get too carried away on this merry-go-round. The Altcoin Season Index peaked at 55 earlier but has since dipped to 34. This index needs to hit 75 to signal a bona fide altseason, and we’re not quite there just yet. Still, if trends in volume, ETF flows, and social sentiment keep building, the market might just be poised for a bumpy, thrilling ride ahead! 🎢
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2025-07-24 11:43