#加密市场反弹# Has the alt season arrived?

The decline in Bitcoin dominance (BTC Dominance) is a key signal for the start of the alt season. Currently, Bitcoin dominance has dropped from 57.8% in April to 54.3%, but it still needs to fall below 50% to confirm the full launch of the alt season.
However, there are signs of a partial outbreak of altcoins in the current market, with a significant increase in active addresses and staking volume of Ethereum. The number of holding addresses for some altcoins (such as ADA and DOT) has risen, indicating that retail and institutional investors are gradually positioning themselves.
Key focus:
Ethereum ecosystem: such as DeFi tokens (UNI, AAVE) and Layer 2 projects (ARB, OP);
High-growth tracks: AI-related tokens (e.g., FET), re-staking protocols (e.g., ENA);
Breakthrough varieties: such as WAL and SAROS, which are close to historical highs.
The Federal Reserve's expectation of interest rate cuts (possibly starting in June-July), increased global liquidity, and the easing of tensions in Sino-US trade may further drive capital inflows into the cryptocurrency market, especially into altcoins with higher risk appetite.