Bitcoin – This falling metric could be the key to Ethereum, Solana price rallies

Bitcoin's dominance in the cryptocurrency market is showing signs of decline, potentially signaling the onset of an altcoin season. Analysts note a falling BTC dominance pattern, which historically correlates with surges in altcoin market caps. Top altcoins like Ethereum, Solana, and BNB have already posted gains, with Ethereum rising over 4.5% in the last 24 hours.

Despite these gains, sentiment towards these altcoins remains cautious, with some indicators suggesting short-term challenges. Ethereum and Solana's open interest metrics have increased, hinting at possible continued price trends, while BNB's open interest dropped. Technical analyses reveal mixed signals, leaving the sustainability of this potential altcoin rally uncertain.