Catenaa, Sunday, July 27, 2025-Binance founder Changpeng “CZ” Zhao suggested that a fear-of-missing-out (FOMO)-driven rally in altcoins may be approaching, as key indicators show early signs of market rotation away from Bitcoin.
In a post on X, Zhao pointed to the CoinMarketCap Altcoin Season Index climbing to 51-up from 16 just a month ago- indicating rising momentum in non-Bitcoin assets.
Though a value above 75 signals a confirmed “Altcoin Season,” analysts say the current trajectory reflects growing investor appetite for broader crypto exposure.
The shift coincides with Bitcoin’s market dominance dropping to 61%, down 5.8% in a week and the lowest level since March.
Ethereum and meme coins such as BONK and FLOKI are spearheading gains, with 90-day performances of +110%, +148.7%, and +119.1% respectively.
Even smaller tokens like PENGU and M have surged over 500%, CoinMarketCap data shows.
Total crypto market capitalization has jumped from $3 trillion to $3.8 trillion in the past three weeks, reflecting capital inflows into altcoins.
Despite growing enthusiasm, some traders remain cautious. “ALTSEASON has not officially started,” X user Henry noted, pointing out that none of the 30 key bull market top indicators have triggered.
