Matrixport: Bitcoin's declining market dominance only means the Altseason is truly here

On June 5th, according to official information, Binance has now finished the Doodles (DOOD) airdrop distribution to users who hold Mubarak (MUBARAK), CZ'S Dog (BROCCOLI714), Test (TST), Baby Doge Coin (1MBABYDOGE), and Koma Inu (KOMA) tokens within their platform and wallet.

On June 5th, Salvadoran President Nayib Bukele had a meeting with Bo Hines, the White House Digital Asset Policy Advisor. During this meeting, they discussed the cooperation between the United States and El Salvador in the Bitcoin and digital asset field.

June 5th. 10x Research issued an article stating that a year ago, when the market was highly enthusiastic about the launch of an Ethereum ETF, we adopted a relatively pessimistic contrarian stance. At that time, Wall Street had not discovered a compelling marketing narrative to attract institutional investors to such a product, and the on-chain activity on the Ethereum network was basically at a standstill. As a result, ETH dropped from $4000 to $1500. Today, with the market warming up against the backdrop of "Trump tariff relief concerns," the Ethereum price has also rebounded. Although we predicted a pullback a few days ago, the actual trend has turned out to be much more resilient than expected. From a technical perspective, Ethereum is approaching the apex of a large symmetrical triangle consolidation structure, and there is a potential breakout direction that could drive the price to $2000 or $3000. This trend will be extremely crucial and may be triggered by a fundamental change

On June 5th, according to the monitoring of LookOnChain, in the past 12 hours, Abraxas Capital withdrew 13,771 ETH (amounting to 36.4 million USD) from Binance.

On June 5th, according to The Data Nerd's monitoring, last month, a whale with the address BwsWU amassed 443,700 TRUMP tokens (approximately $6.34 million), with an average price of around $14.34. Four hours ago, the whale sold 57,800 TRUMP tokens ($624,000), incurring a loss of approximately $205,000. Currently, the whale still holds 370,400 TRUMP tokens (approximately $4.01 million), with an unrealized loss of about $1.31 million.

On June 5th, as per Coinmarketcap data, the Altcoin Season Index currently stands at 23. This index implies that among the top 100 cryptocurrencies by market capitalization, approximately 23 projects have outperformed Bitcoin in terms of price appreciation over the past 90 days. Note: The CMC Cryptocurrency Altseason Index is a real-time metric intended to assess whether the cryptocurrency market is currently in an altcoin-dominated season. The index is based on the performance of the top 100 altcoins in relation to Bitcoin over the past 90 days.