Crypto Market Shifts Funds From Bitcoin To Altcoins As Activity On Solana And Base Surges

HTX Researcher Chloe recently highlighted a significant shift in the cryptocurrency market, noting that on-chain data indicates a growing activity on public chains such as Solana and Base. This trend suggests that funds are gradually moving away from Bitcoin, which has traditionally been seen as a safe-haven asset, towards high-beta altcoins. Despite Bitcoin's current high market dominance, Chloe predicts that if this dominance falls below 52% and liquidity continues to increase, it could signal the start of a new alt season.

Chloe identified several notable trends within the crypto market. One of these is the rise of crypto lending platforms, with Maple Finance ($SYRUP) being a standout example. Maple Finance has seen a significant increase in its Total Value Locked (TVL), rising from $800 million to $1.3 billion this month. This surge is attributed to the influx of capital from Wall Street into the crypto credit market. Another emerging trend is the growth of InfoFi, with CookieDotFun ($COOKIE) gaining attention. Despite having a market cap that is only 1/5 of its competitor Kaito, CookieDotFun shows potential for reassessment. Both SYRUP/USDT spot trading and COOKIE/USDT perpetual contract trading have been launched on Huobi HTX, further indicating the growing interest in these assets.

According to the analyst's forecast, the shift towards high-beta assets and the increasing activity on public chains like Solana and Base could be indicative of an impending alt season. This forecast is based on the current trends and the potential for further liquidity increases in the market. As funds continue to move away from Bitcoin and towards altcoins, the market dynamics are likely to change, potentially leading to a new phase of growth for high-beta assets.