Major altcoins like BNB, ETH, and SOL have outperformed Bitcoin recently, showcasing relative strength despite weak risk appetite in capital markets. BNB reached a new all-time high of $875, while ETH and SOL rebounded 7% and 6.1% respectively, recovering from previous losses. In contrast, Bitcoin saw a modest advance of 1.4% to approximately $114,000. Analysts suggest that Bitcoin's market dominance is nearing a six-month low, hinting at a potential shift towards altcoins. Although an altcoin season might be developing, it is predicted to be more selective compared to past cycles. Analysts from ByteTree emphasize a fundamentals-driven growth approach that rewards quality projects, rather than a wild rally like in previous cycles. The current situation presents a notable contrast to larger altcoins outperforming Bitcoin during a risk-off period, marking an intriguing shift in market dynamics.

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