🟩Key technical indicators suggest the approach of an altcoin season—a period when cryptocurrencies other than Bitcoin experience accelerated growth. A primary signal is the rise in the TOTAL3 metric, which tracks the market capitalization of altcoins excluding Bitcoin and Ethereum. Since the beginning of the month, TOTAL3 has grown by 35%, reaching $933 billion and approaching its all-time high of $1.13 trillion.
🟩Meanwhile, Bitcoin dominance remains stable between 58% and 61%, signaling a shift in investor focus to altcoins such as XRP, TRX, ADA, and SOL, which have shown significant strength following the U.S. elections. This growth is accompanied by a record spot trading volume of $18 billion recorded on November 11.
🟩However, for the altcoin season to be confirmed, 75% of the top 50 altcoins must outperform Bitcoin over three months. Currently, only 43% have achieved this benchmark.