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Hongji Feng
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Hongji Feng
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Altcoin participation has expanded from last week’s calm, with the Altcoin Seasonal Index rising to 32, and that the change is important because it suggests that the risk is to return to liquid names where the order books can absorb sizes, the financing stabilizes, and the quality of the execution allows bigger tickets without excessive slippage, which together encourage the programmatic reactivation after a cautious stretch.
Investors gravitate toward topics that come with visible activity and repeat participation, so liquidity is clustering around networks related to artificial intelligence, privacy, and government tools.
This pattern helps explain why Bittensor, Zcash, and DeXe are making steady bids while many smaller pairs continue to trade in tight bands.
Altcoin Season Index (Source: CoinMarketCap)
Bittensor: AI liquidity reappears on higher turnover
Bittensor (TAO) currently trading near $488up 16% in the last 24 hours, and the move aligns with heavier spot prints alongside balanced derivatives positioning​​​​, indicating that exposure is added across time frames rather than through a single squeeze that fades once funding leans too much in one direction.
Flow summaries indicate a viable depth in the main seats with spreads that were ordered during the most active hours, and that microstructure allowed buyers to scale in strength while keeping risk under control, a combination that often supports interest in the next session when open interest and spot volume increase together without stressing funding.
If participation continues to build while intraday lows rise higher and exchange inventories tend lower, Bittensor may be a preferred vehicle for AI exposure, while a slip back into yesterday’s value area with softer turnover would support digestion before another attempt higher.
Zcash: Offering privacy raises the books and keeps screens engaged
Zcash is now changing hands around $385, up 14% on the day, and desk commentators link the advance to a privacy-driven offering that has been visible this week, with a more stable bidirectional flow and cleaner scales at key levels that allow accumulation without messy spaces.
Zcash Price (Source: CoinMarketCap)
The pair benefited from a wide coverage of the spot and a firm depth to the previous resistance, which moved into support during the afternoon, and that kind of rotation often keeps Zcash in rotation screens for systematic strategies that prioritize the quality of the spread and the confirmation of the transverse spot before adding dimensions.
DeXe: Theme Governance Supports Controlled Advancement
DeX now trading near $7up 10% in more than 24 hours, and prints clustered above yesterday’s interval as spreads tightened in the main pairs, which together suggest a measured accumulation connected to continued engagement around the governance and portfolio tool that brings repeat users during calmer sessions.
Liquidity has remained consistent throughout the United States with a workable size found on both sides of the ledger, and that stability allows programs to scale revenues around volume-weighted references instead of chasing in thin air, which reduces the likelihood of strong waivers when flows turn to other screens.
Market reading: The rotation is expanding, but it requires process
A reading of the index of 32 does not signal a complete cycle change, but it confirms a broader commitment from last week, and that background favors a process that stages the entry near the lows of recent sessions and weighted levels of volume, gives priority to pairs with consistent depth, and sizes the positions so that adverse financing or inventory inventory does not force routine withdrawal.
If liquidity continues to cluster around themes with verifiable use while participation expands in sessions, the market can build a more durable rotation that exceeds a handful of symbols, while fading turnover or spot concentration will likely compress gains into narrow ranges until new drivers emerge.
