Recently, I've been observing an interesting phenomenon in the market — capital has clearly shifted from Bitcoin to altcoins, and this is changing the dynamics of the entire sector. Bitcoin is consolidating within a range, while ETH and smaller altcoins are doing their thing. The question is — is this the start of an altseason or just a normal rotation?

I’m checking the latest volume data, and there’s definitely a noticeable shift. Altcoins now account for about 50% of the total trading volume, Bitcoin drops to 27%, and Ethereum is nearly 23%. This shows traders are seeking higher returns and moving into more volatile assets. But here’s an important distinction — this isn’t capital leaving the market. It’s a redistribution of liquidity within the ecosystem.

What interests me more is the technical picture of Bitcoin dominance. Looking at the weekly chart, I see that BTC.D tried to break through the 66% region but failed. It’s now oscillating around 55%, which is a key level. Below are liquidity zones between 56% and 58% — if Bitcoin dominance continues to decline, it opens the door for altcoins. If it bounces from this area, we return to Bitcoin’s dominance.

The market seems to be in a pause phase, waiting for a decision. Bitcoin is compressing, Ethereum is holding solid. MYX Finance, Polygon, Render, Virtuals Protocol — these projects are already showing strength. This isn’t yet speculative fever; it’s a phase of selective rotation. Usually, Ethereum leads first, then major altcoins like Solana or XRP, with smaller tokens reacting later.

If Bitcoin maintains a sideways trend and Bitcoin dominance continues to fall, altcoins could go higher. A key signal is Ethereum above $2000 — if it holds there, that’s a good sign. Risks? A sharp drop in BTC below 66K or a quick rebound in Bitcoin dominance above 62% could rapidly change the scenario.

For now, it looks like building a foundation, not a full-blown bull run. If these trends persist, 2026 could be the year of altcoins. It’s worth keeping an eye on.