#GateSquareMidAutumnReunion Altcoin Season at 61: Why the Real Rotation Hasn't Started Everyone is calling altcoin season. One number disagrees. The Altcoin Season Index sits at 61 — well short of the 75 that marks a genuine rotation — while Bitcoin dominance still controls 58.46% of a 2.99 trillion dollar market. So is this the waiting room before the rotation, or the setup for one more flush? The story so far is selective strength, not broad rotation. Total market cap added just 0.4% in 24 hours across 4,158 active coins. Bitcoin trades at 84,110 dollar, up 2.8% on the week, while Ethereum sits at 2,690 dollar, up only 1.6%, and Solana at 122 dollar is flat. The reason is where the money actually goes. On September 25, Bitcoin ETFs absorbed 134.5 million dollar of net inflows against 87 million dollar for Ethereum funds — roughly 1.5 to 1. When institutions still prefer the safest asset, altcoin rallies are funded by rotation, not by new capital. Meanwhile the daily leaderboard is topped by micro caps gaining 50% to 116% and leveraged tokens: that is speculation, not rotation. That distinction matters, because altcoin season is a hand-off. It starts when Bitcoin dominance rolls over, not when traders declare it. The counter-scenario is brutal. If Bitcoin loses 84,000 dollar, the index slides and leveraged altcoins fall twice as hard. A sentiment reading of 73 says positioning is already stretched. So which breaks first — 58% dominance, or one final shakeout? Where are you rotating? This content is for informational purposes only and is not financial advice. Do your own research and manage your risk. $GT $SOL $ETH $XRP $BTC #shearweekly #MidAutumnTradingShare #中秋交易分享 #GateSquare

XRP is indeed looking quite interesting at this level; let's follow the move and see.