The analyst discusses the likelihood of an altcoin season starting in September. He references a report from Coinbase Institutional. The presenter expects current data patterns to lead to a significant shift toward a full-scale altcoin season. A traditional definition of altcoin season occurs when at least 75% of the top 50 altcoins outperform Bitcoin over the preceding 90 days. Bitcoin’s market dominance has declined from 65% in May of 2025 to approximately 59% by August of 2025 which signals early stages of capital rotation into altcoins. There is $7.2 trillion sitting in US money market funds currently, that may be deployed to riskier asset classes, including cryptocurrencies. For Ethereum, the analyst is awaiting consolidation and macro support around the $3600 level in order for Ethereum to begin its next phase toward a target of $5554.