Bitcoin's dominance has decreased to 58%. With the expected decrease in the Fed’s rate in September, which will facilitate financial conditions, the fourth quarter can be the beginning of the altcoin season.

Ethereum and Solana are already attracting updated interest: the data in the blockchain show that the long -term BTC holders transfer billions into ETH, while institutional investors form the solar/eth treasury.

In the cycle of 2021–22, BTC dominance fell below 40%, which indicates significant potential for altcoins while maintaining risk appetite.

However, unlike previous cycles, capital will hardly flow widely, given that there are now more than 20 million tokens, and investors are increasingly concentrating on assets with high confidence, such as ETH and SOL.

It may not be a typical "altcoin season."‌‌