‘98% of altcoins outperformed Bitcoin in the last 48 hours’ – Altcoin season underway?

Key Points

1. 98% of altcoins outperformed Bitcoin over the last 48 hours, indicating a possible mini altcoin season.

2. Bitcoin's price remained stable between $110k and $112k, while the Altcoin Performance Index showed high volatility, a common trait of altcoin rallies.

3. ETF inflows surged, with BTC seeing $200M and ETH $211M, while SOL staking ETFs also gained traction.

4. Whales have been increasing their acquisitions compared to retail investors, suggesting a bullish market state.

5. Bitcoin's dominance in the market has been declining, dropping from 64%, leading to increased speculation on high-beta altcoins.