Bitcoin dominance has slipped to 58%. With a projected Fed rate cut in September and the completion of Treasury-backed financing rolling, easing financial conditions, Q4 could set the stage for an "non-typical altcoin season". #Ethereum and #Solana are already attracting renewed interest: on-chain data shows some long-term BTC holders rotating billions into ETH, while more institutions are building Solana/ETH treasuries. In the 2021–22 cycle, BTC dominance dropped below 40%, suggesting significant runway for altcoins if risk appetite holds. However, unlike prior cycles, capital is unlikely to flow broadly with >20m tokens now in existence, investors are increasingly concentrating in high-conviction assets such as #ETH and #SOL. This may not be the typical “altcoin season”.(BloFin Academy)