Sector Rotation Emerges Beneath Bitcoin Dominance Surge, Data Shows

Bitcoin dominance broke above 60.88%, signaling a structural shift as institutional capital quietly rotates into specific crypto sectors rather than a broad altseason. Data from Alphractal shows Solana perpetual open interest surged 156% in 35 days, while tokenized real-world assets jumped to $29.2bn from $5.5bn in 16 months (5.3x), and prediction-market platforms have logged $150bn+ lifetime volume. Alphractal’s whale-flow metric (HYPE W‑R Delta) remained whale-positive through every dip since March, consistent with institutional accumulation and positioning in perp DEXs, RWA platforms and AI-infrastructure names. The piece argues that retail-focused indices like the Altcoin Season Index miss this behind-the-scenes rotation, implying upside concentration in a handful of institutional favorites even as the wider altcoin market stays dormant.