Altcoin trading volume reaches nearly 4x Bitcoin's level

Altcoin trading volume has risen to nearly four times that of Bitcoin, reaching its highest level since September 2025, according to data from Glassnode. This shift coincides with Bitcoin dominance falling below the 60% threshold to approximately 58.9%, while altcoin dominance has increased to 8.75%.

This trend suggests a potential ‘altcoin season,’ where traders move capital from Bitcoin into higher-risk assets like Ethereum and XRP. While this indicates increased market activity, Glassnode notes that such high demand for risk has historically aligned with local price tops for Bitcoin, potentially signaling a short-term correction or cooling period for BTC.

In the United States, spot Ethereum ETFs have recorded six consecutive days of inflows, totaling $689.9 million for the week. Additionally, spot XRP ETFs have seen eleven straight weeks of inflows, with cumulative totals exceeding $1.79 billion.