- Bitcoin dominance drops below 54%, signaling increased capital rotation into altcoins.
- Ethereum leads altcoin surge with 28% volume spike, while ADA and BNB show strong price gains.
- RSI and wallet data support early altseason signs, with June 15 seen as a possible breakout point.
Altcoins are showing strong signs of an incoming rally as Bitcoin dominance falls and key on-chain data supports bullish momentum. Market analysts have observed increased capital rotation into altcoins, suggesting the first stage of a broader altseason could be underway, with Ethereum and other major altcoins leading the surge.
Market Structure Favors Altcoins as Bitcoin Dominance Declines
According to data from TradingView, Bitcoin dominance dropped below 54% on June 11, 2025, at 8:00 PM UTC. This decline is often seen as an early indicator that altcoins may begin outperforming Bitcoin.
On June 12, 2025, at 10:30 AM UTC, Crypto Rover shared a chart suggesting that the season has officially started. At the same time, Ethereum trading volume on Binance rose by 28% to over $12 billion, while ADA increased by 15% to $0.48.
Binance Coin (BNB) also jumped 8% to $620 with a 20% volume increase, based on CoinGecko data as of June 12, 2025, at 6:00 AM UTC. Analysts suggest this surge in altcoin activity is consistent with early altseason market conditions.
Technical Indicators and Macroeconomic Trends Add Momentum
According to analysis prepared by Niels via X, Ethereum inflows are currently outpacing Bitcoin inflows. He also noted that ETH/BTC has posted higher highs, and the altcoin market cap has strongly rebounded after a bullish retest.
Further supporting this outlook, the Relative Strength Index (RSI) for ETH stood at 68 on June 12, 2025, at 12:00 PM UTC, suggesting ongoing bullish pressure without overbought conditions. On-chain metrics from Glassnode showed a 15% rise in unique wallet addresses holding MATIC and BNB over 48 hours.
Analyst CryptoRus added that all seasons often began mid-June, with June 15 cited as a historic trigger point. With just days remaining, rising trading volumes and supportive macroeconomic data, including anticipated rate cuts, may accelerate this trend.
