Bitcoin and Ethereum broke out of a seven-month downtrend in June, reclaiming roughly $900 billion. Kaiko data from Q1 also identified a widening volatility gap between altcoins and Bitcoin, a structural feature common in the early stages of previous alt seasons.
Search data is not a direct measure of trading activity, but past cycles have shown that spikes in retail attention tend to align with the initial phases of altcoin rallies.
The sustainability of the trend will depend on whether Bitcoin consolidates near its highs or reasserts dominance.
A decisive move above the mid-60 percent dominance range would historically blunt altcoin outperformance, while a continued range-bound Bitcoin price could maintain conditions favorable for further rotation into the broader altcoin market.
