Bitcoin Dominance Declines as Sygnum Suggests Potential Altseason Amid Regulatory Clarity and Market Shifts

Key Points

1. Bitcoin's supply-demand imbalance has driven prices to new all-time highs, surpassing $123,000, with Bitcoin Spot ETFs holding over $160 billion in assets.

2. Regulatory clarity has fueled altcoin growth, with Bitcoin dominance declining by over 6% and decentralized exchanges capturing 30% of crypto spot trading volume.

3. Ethereum's institutional demand increased post-Pectra upgrade, with nearly 30% of ETH's liquid supply staked and major financial institutions launching projects on its network.

4. DeFi lending locked assets reached an all-time high of $70 billion, and liquid staking surpassed 30% of Ether’s supply, reflecting heightened investor activity.

5. Sygnum warns of potential risks, such as a memecoin bubble, advising investors to focus on projects with sustainable fundamentals to mitigate sharp corrections.