Coinbase Says Altcoin Season Is Near Coinbase predicts that market conditions are converging to open a comprehensive altcoin season as Bitcoin's dominance has dropped from 65% in May 2025 to around 59% in August, while altcoin market capitalization has increased by over 50% since July. They also emphasize that the Fed's interest rate easing in September could trigger stronger participation in the crypto market, especially when more than $7.2 trillion currently sitting in U.S. money market funds could flow into high-risk assets. Ethereum continues to be the focus with strong institutional demand, with fund holdings reaching nearly 2.95 million ETH, accounting for about 2% of total supply. Bitmine Immersion alone has purchased up to 1.15 million ETH, demonstrating increasing institutional confidence. This demand is further reinforced by narratives around stablecoin and asset tokenization. Altcoins like ARB, ENA, LDO, and OP are showing more significant volatility compared to ETH, with LDO increasing 58% in August alone. This momentum is supported by the SEC clarifying that liquid staking tokens are not considered securities under certain conditions. Overall, Coinbase maintains a positive outlook, expecting liquidation recovery, clearer legal frameworks, and institutional capital flows to pave the way for a broad altcoin season in September 2025. 👇 coinbase.com/institutional/res...…