Take a look at this market movement in recent days. While American indices continue to hit all-time highs with the S&P 500 and Nasdaq rising, crypto has been following this more optimistic sentiment. Bitcoin is trading around 77.5K now, a small retracement of 0.15% in the last 24 hours, but what really catches the eye is what's happening with the altcoins.

Bitcoin's dominance has dropped significantly, signaling that capital is moving out. That flow into the altcoin market that started to appear weeks ago is now accelerating. You can clearly see this in the tokens leading the gains lately. ENJ has risen over 20%, BIO is up nearly 4%, CHZ with its 2.8% positive. But what really exploded was the meme sector. ORDI accumulating 10.6%, NEIRO with 7%, PNUT with 4.4%. Even TURBO is on the radar of those tracking these movements.

The interesting thing is that while some tokens like RAVE are falling nearly 20%, rotation into small caps is intense. It seems that after so long with Bitcoin dominating, the market is seeking alternatives anyway. ETH remains at 2.31K with a 0.44% drop, maintaining its position but without much movement.

In the important news, AVAX gained space after Bitwise launched an Avalanche spot ETF. This usually brings institutional flows. WLFI is generating quite a debate with its governance proposal involving massive token locking. And Tether continues expanding its infrastructure, now entering funding rounds to accelerate adoption of stablecoins like USDT.

On the macro front, markets are betting on a resolution to the US-Iran conflict, which is keeping risk appetite high. ARB will have a significant unlock this week, something to watch.

The fear and greed index remains at 23, still extreme fear, but with risk aversion starting to expand and capital seeking opportunities in altcoins, we might be seeing the first signs of a broader sentiment shift. The week promises several macro events and unlocks of important tokens. It’s worth closely monitoring here at Gate as these movements develop.