Crypto metric signals altseason as Bitcoin market-cap share stalls below 60% — SkimNews
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- Glassnode's Altcoin Cycle Signal flipped to favor altcoin outperformance, with its seven-day rolling mean at 81.25 on a 0-100 normalized scale as of Monday.
- Combined altcoin market cap hit $1.19 trillion on Tuesday, the highest level since late January, marking a 33% increase since Aug. 19.
- Bitcoin dominance has moved within a narrow range, sitting at 59.7% versus 59.2% on Aug. 19 despite the altcoin rally.
- Matthew Hyland described a state of "complacency" among Bitcoin investors, arguing BTC dominance already set a macro high at 66% in June 2025.
- US spot Bitcoin ETFs saw $999 million in combined inflows on Monday — the highest daily tally since October 2025, per Farside Investors.
- Ether ETFs drew $270 million on the same day, also the highest single-day intake since October 2025.
- Bitcoin ETF investors' aggregate cost basis sat just below $86,000 at the end of last week, with BTC/USD attempting to cement that level as support.
Why it matters: With the Glassnode metric at 81.25 and altcoin market cap jumping 33% in weeks while Bitcoin dominance flatlines near 59.7%, the onchain signal gives traders a quantified case for rotating capital out of BTC. Institutional demand is broadening too — $1.27 billion in combined spot Bitcoin and Ether ETF inflows on Monday shows the rotation isn't just retail-driven.
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