The post ETH, LINK, MKR withdrawals surge: Are smart investors front-running a new altseason? appeared on BitcoinEthereumNews.com.

Binance altcoin outflows reflect rising accumulation, hinting at long-term investor confidence. IP, FORM, and MKR outperform BTC despite the latter’s dominance holding above 63%. Altcoins are witnessing large-scale withdrawals from Binance, raising questions about what investors are preparing for.  Ethereum [ETH], Chainlink [LINK], and Maker [MKR] are among the top tokens seeing consistent outflows. These movements suggest whales are shifting their assets from exchanges to personal wallets, a typical sign of long-term accumulation.  Interestingly, these withdrawals continued even without a confirmed altcoin season. This strong offloading trend could reflect quiet positioning ahead of a broader market rotation from Bitcoin [BTC] to altcoins. Will Bitcoin dominance hold its uptrend? Bitcoin’s dominance recently dropped from 65.81% and found support near 63.44%, maintaining its broader ascending channel.  However, this sharp rejection at the top of the range has sparked speculation that the market could be preparing for a rotation. The dominance rebound does reflect short-term BTC strength.  Still, historical patterns show that altcoin rallies often begin when BTC dominance fails to make new highs. Therefore, if this recovery weakens, it could be the first sign of capital flowing back into altcoins. Source: TradingView Can the altcoin season index confirm the shift? The current Altcoin Season Index remained low at 22, clearly indicating a Bitcoin season. However, the index has started to rise from previous lows, hinting at building altcoin momentum.  While not yet within the altseason zone, repeated altcoin accumulation and recent performance gains point toward early-stage sentiment changes.  Historically, the index lags behind wallet flows and price performance. This early movement suggests the market is transitioning and could soon break out of Bitcoin dominance. Source: CoinMarketCap Altcoins crushing Bitcoin’s returns Despite Bitcoin gaining 5.94% in the last 90 days, several altcoins have posted explosive gains. Story [IP] surged by 218%, FORM jumped…

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Filed under: News - @ May 17, 2025 3:27 pm