Altcoin Season May Remain Delayed as Bitcoin Dominance Holds Above 60%

Key Points

1. Bitcoin's market dominance increased to 60.71%, reinforcing its position as the primary crypto asset.

2. Ethereum outperformed many altcoins with a 45% gain against Bitcoin in 30 days, supported by $1.13 billion in ETF inflows and DeFi interest.

3. The Fear & Greed Index stands at 62, indicating cautious optimism among investors.

4. Altcoin season is delayed; a shift requires the Altcoin Season Index to rise above 75 and Bitcoin dominance to fall below 58%.

5. Select altcoins like Pendle and BNB show strong performance, with Pendle offering triple-digit yields and BNB rising 17% in 30 days.