Post-FOMC liquidity shuffle: Will altcoin season run deeper into Q4?
Journalist
Posted:
Key Takeaways
What’s driving the latest altcoin rotation?
Submit-FOMC flows are rotating: $80 billion into altcoins, with ETH/BTC and high-caps like BNB outperforming BTC, signaling capital chasing higher-beta performs.
How’s BTC holding up versus alts?
Bitcoin is holding $117k and eyeing $120k, however alts are working hotter.
Seems just like the market’s organising for an additional rotation cycle.
On the seventeenth of September, proper after the FOMC chop, Bitcoin dominance [BTC.D] slipped 1.08% to 57.67%, marking the most important each day drawdown after three straight periods of upside.
TOTAL3, in the meantime, printed +2.24%, urgent into the $1.16 trillion cap and signaling alt bid momentum. Even memecoins outperformed with a +5.20% pop, displaying liquidity bleeding additional down the chance curve.
Supply: CoinMarketCap
Merely put, flows appear to be they’re rotating threat again into different belongings.
Backing this shift, the ETH/BTC ratio caught a +2.28% bounce after 4 days of bleed publish a failed 0.04 breakout. The transfer now resets the pair at 0.039, principally lining up a possible spherical two at that resistance zone.
In line with AMBCrypto, a clear break would verify broader altcoin rotation. Nevertheless, with the Altcoin Season Index already hitting 80 twice this week, the rotation bid appears to be like prefer it’s already cooking.
Fed jitters gas $80 billion altcoin rotation
Most high-caps are outpacing Bitcoin this month.
Binance Coin [BNB], for instance, is up 18% (doubling BTC’s 8.79% transfer), cracking a contemporary all-time excessive above $1,000.
The BNB/BTC ratio is ripping +8%, displaying altcoins are flexing dominance past Ethereum [ETH].
On-chain flows again this rotation. BTC.D slid post-FOMC, whereas TOTAL market cap jumped to $4.07 trillion, including practically $80 billion.
That’s 100% of the capital rotating into altcoins, even with the Fed’s 25bps lower.
Supply: TradingView (TOTAL/USTD)
Merely put, post-FOMC threat recalibration has altcoins catching critical bid.
In the meantime, Bitcoin’s [BTC] holding $117k and eyeing $120k, however altcoins are working hotter, with flows chasing performs past ETH.
Briefly, volatility stays elevated, and altcoin season appears to be like set to dominate into This fall.
