Bitcoin dominance drops to 55%, signs of altcoin rotation emerge

According to a report by Jinse Finance citing data and insights from The Block, bitcoin's market dominance has dropped from its peak of 62% to 55%, indicating that the market is entering the early stage of capital rotation from bitcoin to altcoins. Ethereum (ETH) and Solana (SOL) are attracting renewed attention from both institutional and retail investors, while multiple digital asset treasuries are raising funds through publicly traded entities and purchasing assets, providing support for a potential rise in altcoins. The report points out that if the market continues to favor high-risk assets, altcoins could have further upside in the fourth quarter. However, the key lies in whether real spot demand can be formed, rather than relying solely on short-term trends driven by derivatives.