Is Ethereum’s Altcoin Season Here? Bitcoin's Market Share Declines, ETH/BTC Rebounds to a New Weekly High

As Ethereum breaks through the $3,400 mark, the ETH/BTC ratio rebounds 2.3% from today's low to 0.03657, setting a new high for the week. Bitcoin's market share (BTC.D) has also dropped to 57.63%, down 6.33% from last month's high. (Background: Ethereum 2025 Outlook: Pectra Upgrade, Regulation-Friendly, Tokenization... Can ETH Break Historical Highs?) (Context: Three major positive news for Ethereum, Analysts: Trump will make ETH great again) Recently, compared to Bitcoin's consolidation at the low of $90,000, Ethereum's trend has been stronger. CoinGecko data shows Ethereum has broken through $3,400, currently reported at $3,410, up 1% in the last 24 hours, and up 4% in the last 7 days. In contrast, Bitcoin has dropped 1.1% in the last 24 hours, and earlier today even fell below $93,000, hitting a low of $92,868.96. The ETH/BTC ratio rebounded 2.3% as Ethereum strengthened, with the ETH/BTC ratio rebounding from a low of 0.03575 this morning, reaching a high of 0.03657 around 9 AM, setting a new high for the week. Before the deadline, the ETH/BTC ratio was reported at 0.03633, up 1.48% in the last 24 hours. ETH/BTC ratio trend chart BTC.D drops to 57.63% Meanwhile, as Bitcoin's performance is relatively weak, BTC.D (Bitcoin market share) has shown a decline, dropping to a low of 57.63%, which is down 6.33% compared to last month's high of 61.53%. Before the deadline, BTC.D slightly rebounded to 57.75%, down 0.43% in the last 24 hours. The decline of BTC.D and the relative strength of ETH have led the market to anticipate that ETH will regain dominance next year, possibly leading to a new wave of altcoin season. Extended reading: Three major positive news for Ethereum, Analysts: Trump will make ETH great again The proportion of long-term holders of ETH exceeds Bitcoin by 10% The firm belief in Ethereum is not just empty talk. IntoTheBlock tweeted last night to illustrate the changing trends of long-term holders of Bitcoin and Ethereum over the past year. The data shows that the proportion of long-term holders of Bitcoin has gradually decreased, while Ethereum's proportion has continued to rise, surpassing Bitcoin in March this year. Currently, the data shows that the proportion of long-term holders of Bitcoin is 62.31%, while Ethereum has reached 75.06%. Bitfinex ETH leveraged long position increases by 50% Additionally, Coinglass data shows that the leveraged 'long' positions of ETH on Bitfinex have grown from less than 71,000 ETH on December 22 to the current 104,847.23 ETH, an increase of 48%. This reflects the market's high expectations for ETH's future rise during its consolidation at low levels. On-chain data analyst Ai Yi also monitored that a smart money whale (address starting with 0xEd0) withdrew 40,000 ETH from Bitfinex two hours ago, with a total value of approximately $133 million, at an average price of $3,326.7. Subsequently, the whale deposited 20,000 ETH into Aave and borrowed 40 million USDC, which has now been fully recharged to Binance, possibly preparing for further accumulation. Does the recent trend of ETH and the actions of whales indicate that Ethereum will rise strongly? Will the altcoin season bloom in full? This is worth close attention. Related reports: Is the altcoin season coming? In addition to BTC.D, there are three major indicators to help you judge. Three reasons Ethereum believers are optimistic about ETH's explosive growth in 2025: expected growth rate exceeds Bitcoin's. Bitcoin and Ethereum OTC market trading volume surges! Institutional investment rushes in. "Is Ethereum’s Altcoin Season Here? Bitcoin's Market Share Declines, ETH/BTC Rebounds to a New Weekly High" This article was first published on BlockTempo (the most influential blockchain news media).