- Bitcoin dominance drop hints at a renewed investor shift toward altcoins.
- Ethereum leads altseason as institutional inflows surge to $700 million in June.
- XRP, HBAR, and SUI emerge as top altcoin plays amid rising capital rotation.
Bitcoin’s dominance in the cryptocurrency market has been slipping, suggesting a potential shift in investor sentiment. From a strong 64.4% at the end of May, BTC dominance dropped to around 63% by June 10. While a 1.4% dip may seem marginal, it carries deeper implications. Historically, such dips have signaled the beginning of capital rotation into altcoins.
Notably, a similar decline in May triggered a strong rally in alternative cryptocurrencies. As trading volume in altcoins has surged by 9%, analysts believe the market is entering a familiar cycle.
As per Altcoin Buzz, an analytic firm, this pattern echoes previous alt seasons seen in 2016 and 2021, when Ethereum and others gained significant momentum. With early indicators now in play, the stage is potentially being set for another alt-driven market move.
GEMS DO STILL EXIST:https://t.co/qI491ZqZlF
— Altcoin Buzz (@Altcoinbuzzio) June 23, 2025
Ethereum Leads the Charge
Ethereum continues to be the backbone of altseason. Institutional interest in ETH surged significantly, with a $240 million inflow recorded on June 11 alone. This marked a four-month high, largely led by BlackRock’s ETHA, which contributed $160 million. The total inflows in June reached nearly $700 million, a notable rise from May’s $564 million.
Whale activity also supported the trend, with nearly $400 million worth of ETH withdrawn from exchanges on June 12. These withdrawals typically signal investor confidence. Moreover, favorable regulatory comments from the SEC have reassured market participants, especially in DeFi. Ethereum remains a vital starting point for investors planning long-term exposure to altcoins.
XRP, HBAR, and SUI: Emerging Opportunities
Ripple’s XRP has also shown strength. A smaller yet impactful $19 million inflow in early June helped push its price to $2.23. A potential XRP-backed ETF and a planned $300 million reserve by Weebis International are increasing institutional credibility.
Meanwhile, Hedera’s HBAR is drawing attention despite flying under the radar. A recent $185 million inflow and low futures volume suggest steady long-term accumulation. Investors see HBAR as a long-term play, particularly as its AI initiatives evolve.
Another name gaining traction is the SUI Network. NASDAQ’s recent ETF filing for SUI led to a surge in both trading volume and investor attention. On June 10 alone, trading volume exceeded $1 billion, while SUI’s DeFi total value locked rose to $1.96 billion. As interest builds, SUI appears well-positioned for a breakout in the upcoming altcoin cycle.
