The cryptocurrency market revives heavily, in the air the atmosphere of the upcoming altseason, i.e. the period in which Altcoins take the initiative, pushing Bitcoin to the background. Recent weeks have brought a clear change in sentiment. Investors, both individual and institutional, are boldly directing capital towards alternative cryptocurrencies. On-chain, large players’ movements and increased activity in search engines indicate that we are at a key moment of the market cycle. In this article, we will look at what drives this optimism, how Ethereum and other most important altcoins behave, which is heard in the world of meme coins and where the market can go in the coming weeks.
Ethereum on the wave! Institutions pump capital
Ethereum has been a leader of increases among the main cryptocurrencies for several weeks. In mid -July, the price of ETH broke the level of $ 3,000, recording a dynamic increase of almost 10% in just 24 hours. Currently, the price oscillates around USD 3,700, which indicates the persistent strength of the upward trend. On-chain from Glassnode confirms that from the beginning of July the supply of ETH in the hands of new investors has increased by 16%, which indicates a flow of fresh capital. The institutions do not lag behind – open items on Futures ETH contracts on the CME Stock Exchange have reached a record $ 3.27 billion, and this is the highest level since February 2025.
What’s more, the ETF funds at ETHEREUM in the USA recorded a net inflow of 225 857 ETH last week, which shows that large players see great potential in Eth. This is a clear signal that institutional capital drives the current bull market, and Ethereum is in the spotlight. Only yesterday ETFs on ETH had nearly USD 300 million and the daily average from the last week lasts at USD 383 million. These are very impressive results. Sharplink Gaming, Bitmine or Gamesquare Holdings, see great potential in Eth. In particular, Sharplink Gaming, supported by Joseph Lubin, co -founder of Ethereum, aggressively accumulates ETH, increasing his resources to 345 158 ETH, worth over $ 1.22 billion, of which 99.7% is stacked, generating additional profits.
On-chain data gives strong altseason signals
On-chain data analysis provides hard evidence that the market is entering the altseason phase. The Net Unrealized Profit/Loss indicator for Ethereum has gone from the surrender phase into the “faith” mode in the second quarter of 2025, which indicates the growing certainty of investors and the expectations of profits. According to Glassnode, on July 9 Altseason Indicator was launched, which confirms capital rotation. The supply of Stablecoin is growing, and the capitalization of the Altcoin market (Total2) has increased by 44% since June, reaching $ 1.5 trillion. This is proof of the flow of capital from Bitcoin towards the Altcoins, which is the classic symptom of Altseason. It is also worth paying attention to the data from Google Trends, because the search for “Altcoins” have reached the highest level for months, which shows that individual investors and colloquially called “street” also sense the upcoming opportunity and actively seek information about alternative cryptocurrencies.
Bitcoin’s domination under pressure
The Bitcoin domination chart (BTC.D) provides further tips on the direction of the market. In July 2025, the domination of BTC dropped from 65.5% to 61%, which is the largest monthly decline from November 2024. This trend suggests that investors transfer capital to altcoins, which is typical of the initial phases of altseason. From a technical point of view, the BTC.D chart forms the bear’s clin, which may announce further drops in domination. Analysts estimate that if BTC.D goes below 50%, the Altcoin market may enter the price explosion phase, especially for large projects such as Ethereum or Solana, which has reached almost USD 200 in recent days. The current decrease in Bitcoin’s dominance is a green light for Altcoins, which are starting to attract more and more attention.
Solana, BNB and XRP are so far the leaders of Altseason
In the current Altseason series, next to Ethereum, Solana, BNB and XRP attract the attention of the market, each of them powered by unique factors and growing interest. Solana (SOL) in July 2025 broke the USD 190, noting an increase of over 35% from the beginning of the month, which makes it one of the hottest Altcoins. Thanks to fast and cheap infrastructure, Solana attracts DEFI and NFT developers, and on-chain shows that the number of active addresses in her network has increased by 25% in the last two weeks. BNB, in turn, uses the binance ecosystem, which is still a leader in the rotation volume.
The price of BNB oscillates around USD 800, and Binance Smart Chain inflows indicate the revival in the sector of decentralized applications. XRP, on the other hand, gains thanks to positive regulatory news. After years of Ripple legal battles, optimism around XRP adoption in cross -border payments pushed its price to new ATH. These three altcoins, supported by solid foundations and growing market sentiment, are the motorbikes of the current wave of Altseason, and their dynamics definitely suggests that they can still surprise in the coming weeks.
Memecoins as a barometer of market euphoria
One cannot talk about the current cycle without the memory of Memecoins, which in 2025 play a key role. Projects such as Dogecoin, Shiba Inu or Bonk attract crowds of individual investors, powered by speculation and internet culture. Why are meme coins so important? They were usually a barometer of retail sentiment, reflecting the phase of euphoria on the market. Although in my opinion the sentiment in the market is changing and memecoins are beginning to play a very important role in the whole cycle. Memecoins represent the greatest value, i.e. the faith of the crowd. Even the official account of the White House made us understand that memecoins would play an important role in this altseason.
Sometimes it seems absurd and wondering how Memecoin can have more value than a complicated, solving project problems. Most people, however, do not understand what these projects are and choose simplicity, they choose a place where they do not have to understand anything and the value is created by people. Memecoins are a movement where thousands of users support each other on social platforms, organize events and together strive for spreading information about a given meme. According to NEKOZ analyst, Meme Cines increases by hundreds and even thousands of percent are characteristic of the fourth phase of Altseason, when Fomo (Fear of Missing Out) reaches the peak. However, such dynamics is a double -edged sword – although they attract new investors, they can also signal that the market is approaching the local peak, which requires caution.
Where are we going?
All signs indicate that the cryptocurrency market is in the second phase of Altseason, in which Ethereum and other large altcoins, such as Solana or BNB, begin to outweigh Bitcoin in terms of phrases. If the domination of BTC.D is still falling, in the coming weeks we can see the dynamic increases of smaller Altcoins and Meme Cines. Analysts from Beincrypto and Glassnode predict that Altseason may last until BTC.D reaches 48-50%, but historical data suggest that a correction often occurs after such increases. We should be vigilant using risk management strategies such as setting Take-Profit and Stop-Loss levels. The cryptocurrency market remains unpredictable, but the current dynamics indicates potentially exciting weeks ahead of us. However, it is worth remembering the principle of Dyor (to Your Own Research) to make conscious decisions in this rapidly changing environment.
