On September 12, the Bitfinex Alpha report provided predictions on the potential performance of the cryptocurrency market. As Bitcoin's dominance declines and altcoins show resilience, the report suggests that market dynamics may change. Analysts further explained that altcoin open interest has fallen 55% from its all-time high, indicating that speculative activity has decreased and sellers may be exhausted. The ETH/BTC ratio remains below its 365-day simple moving average, indicating that ETH has generally performed poorly since the merger. The report added that if Bitcoin's dominance does reach a local top, we may see a period of altcoins outperforming the market in the coming months, which may lay the foundation for bullishness in the fourth quarter if macroeconomic pressures ease.