Recent large withdrawals of Ethereum (ETH) and Chainlink (LINK) suggest that smart investors may be positioning for a new altseason. Major outflows from exchanges like Binance are leading to more investments in altcoins, reflecting rising confidence and risk appetite among traders.
Despite Bitcoin’s dominance remaining above 63%, historical patterns indicate that altcoins often rally when Bitcoin struggles to reach new highs. The rising Altcoin Season Index also suggests a gradual transition towards altcoins, with various tokens outperforming Bitcoin recently.
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