Bitcoin Surpasses $111,900 ATH as Altcoins Show Bullish Signals

Bitcoin (BTC) has recently surpassed its previous all-time high (ATH) and set new records consecutively. The last ATH for BTC was at $111,900, with expectations of new ATHs to follow. While Bitcoin has broken numerous new records in recent months, many altcoins, including the largest altcoin Ethereum (ETH), are still trading below their previous ATHs.

As investors await the start of the delayed altcoin season, analyst Axel Adler shared a bullish signal he sees for altcoins. According to Adler, who examined the average monthly change flow data of altcoins, this data has historically led to sharp increases in altcoin prices. The analyst noted that the average monthly trading volume of altcoins is currently at $1.6 billion, which is lower than the annual average of $2.5 billion. Adler argued that average flow at these levels points to consolidation and increased accumulation potential for altcoins ahead of the next altseason.

Referring to previous data in his analysis, Adler stated that the average monthly trading volume of altcoins had previously fallen below the monthly baseline of $1.6 billion, and then experienced major increases. According to the shared chart, the altcoin’s average monthly trading volume fell below the $1.6 billion monthly baseline in early 2023, the second half of 2023, and August-September 2024. “Historically, in any case, low trading volumes have usually preceded significant price increases in altcoins,” the analyst said.

As of June 27, the average monthly altcoin exchange flow stands at $1.6 billion, below the annual average of $2.5 billion. This moderate flow suggests asset consolidation and growing accumulation potential ahead of the next altseason wave. The analyst's findings indicate that the current data, which previously brought a rise in altcoins, has "burned again," suggesting a potential bullish trend for altcoins in the near future.