COINOTAG News reports that CryptoQuant analyst Mignolet observed the altcoin rotation is showing signs of winding down after two months of market reshuffling. With Bitcoin largely range-bound, the initial rebound in Ethereum has lost momentum as its trading volume share contracts and capital begins to flow back into a broader set of altcoins; concurrent on-chain signals indicate increased withdrawal transactions for Ethereum.
Mignolet highlights that the prevailing Bitcoin trend remains weak and, while an interest rate cut could alter market dynamics, there are currently no convincing reversal indicators. Market participants should monitor on-chain metrics and trading volume share for confirmatory signals, adopting a measured, cautious stance until clearer directional evidence emerges.