Analysis: Early signs of altseason detected

While Bitcoin (BTC) continues to dominate the market, early signs of stabilization are appearing in the altcoin sector, on-chain analyst Darkfost noted in a CryptoQuant contribution. Bitcoin recently surpassed $81,000, a roughly 36% increase from its February low, with its market share climbing above 61.3% to its highest level since November 2025. Despite market funds remaining concentrated in BTC, several indicators point to a potential shift. The total market capitalization of altcoins excluding ETH (TOTAL3) rose by approximately 15% over the same period. Additionally, the proportion of altcoins on Binance that have reclaimed their 200-day moving average has increased from 2.3% to 11.7%. The share of altcoin trading volume on Binance relative to BTC and ETH has also grown from 31% to 49%, signaling a potential recovery in investor interest. Analysts view these developments as initial signals of capital rotation, although they do not yet constitute a strong altseason.