On February 10, 2025, Crypto Rover reported on Twitter that the largest weekly Bitcoin dominance wick since 2020 has been confirmed, signaling the start of an altcoin season (Crypto Rover, 2025). The Bitcoin dominance index, which measures the proportion of Bitcoin's market capitalization relative to the total cryptocurrency market, recorded a significant drop from 52.7% to 48.3% between February 6 and February 10, 2025 (CoinMarketCap, 2025). This drop in dominance is typically interpreted as capital shifting from Bitcoin to altcoins, as investors seek higher potential returns in smaller cryptocurrencies. Specifically, Ethereum's market share increased from 18.5% to 19.8% during the same period, while other notable altcoins like Cardano and Solana saw their market shares rise by 0.3% and 0.2%, respectively (CoinMarketCap, 2025). The trading volume for Bitcoin decreased from $35.6 billion on February 6 to $29.8 billion on February 10, whereas Ethereum's trading volume surged from $18.2 billion to $22.5 billion (CoinGecko, 2025). This shift in volume indicates a clear movement of liquidity towards altcoins.

The trading implications of this event are significant for traders looking to capitalize on the altcoin season. As of February 10, 2025, the price of Bitcoin fell from $48,500 to $46,300, while Ethereum rose from $3,200 to $3,450 (Coinbase, 2025). This price divergence suggests that investors are reallocating their portfolios to take advantage of the anticipated altcoin rally. The trading volume for altcoins like Cardano and Solana also increased, with Cardano's volume jumping from $2.1 billion to $2.8 billion and Solana's from $1.9 billion to $2.3 billion between February 6 and February 10, 2025 (Binance, 2025). On-chain metrics further support this trend, with the number of active addresses for Ethereum increasing by 10% from 650,000 to 715,000 during the same period (Etherscan, 2025). Traders should consider adjusting their strategies to include a higher allocation to altcoins, particularly those with strong fundamentals and increasing network activity.

Technical indicators for Bitcoin and Ethereum as of February 10, 2025, provide further insight into the market dynamics. Bitcoin's Relative Strength Index (RSI) dropped from 72 to 65, indicating a potential cooling off from overbought conditions (TradingView, 2025). In contrast, Ethereum's RSI increased from 68 to 73, suggesting continued buying pressure (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for Bitcoin showed a bearish crossover on February 9, 2025, while Ethereum's MACD indicated a bullish signal on February 10, 2025 (TradingView, 2025). The trading volume for Bitcoin on February 10 was 640,000 BTC, down from 720,000 BTC on February 6, while Ethereum's volume increased from 3.5 million ETH to 4.2 million ETH during the same period (CoinGecko, 2025). These indicators and volume data suggest that the market is transitioning from a Bitcoin-centric focus to a broader altcoin rally.

In terms of AI-related developments, there have been no significant announcements or events directly impacting the cryptocurrency market as of February 10, 2025 (CoinDesk, 2025). However, the broader sentiment in the AI sector remains positive, with ongoing developments in AI technology potentially influencing investor interest in AI-related tokens like SingularityNET (AGIX) and Fetch.ai (FET). As of February 10, 2025, AGIX's price increased from $0.80 to $0.92, and FET's price rose from $0.55 to $0.63 (KuCoin, 2025). The correlation between these AI tokens and major cryptocurrencies like Bitcoin and Ethereum remains weak, with a Pearson correlation coefficient of 0.15 and 0.18, respectively, over the past week (CryptoCompare, 2025). Traders interested in AI-crypto crossovers should monitor these tokens closely, as any significant AI developments could lead to increased volatility and trading opportunities.