Despite Bitcoin's recent surge, major altcoins like Ethereum are still below previous highs, prompting speculation on when the broader market will rally.
Analysts, like Axel Adler, are optimistic about altcoins as declining trading volumes hint at potential accumulation before a potential rally.
Average monthly altcoin exchange flow is currently at $1.6 billion, lower than the yearly average of $2.5 billion, indicating a phase of consolidation and accumulation.
Historically, altcoins have surged after trading volumes dipped below $1.6 billion, signaling a potential setup for a future altseason and price rally.