2 Altcoins Gaining Strength as Bitcoin Enters New Phase 

As Bitcoin enters a new on-chain trend phase, two altcoins are standing out for their growing correlation with the leading cryptocurrency and their resilience amid market shakeouts, according to new analysis by Joao Wedson, CEO of analytics firm Alphractal.

In a recent market update, Wedson pointed to Solana (SOL) and Ethereum (ETH) as two altcoins closely aligning with Bitcoin’s price action. SOL’s correlation with BTC rose from 0.53 to 0.75, while Ethereum maintained its position as one of the most tightly correlated altcoins. “ETH and THETA currently exhibit the highest correlation with Bitcoin,” Wedson noted. “This makes them prime candidates to benefit from any sustained BTC rally.”

As correlation increases, these tokens may become strategic options for investors seeking altcoin exposure without diverging too far from Bitcoin’s momentum. According to Wedson, higher correlation often signals stronger market integration and higher investor confidence.

Altcoin Purge Strengthens the Ecosystem

Wedson also highlighted the disappearance of over 1,400 altcoins from active listings—a trend he views as bullish for the sector. Many of these projects were either scams, lacked real use cases, or failed to generate sufficient volume. “Only the most durable and valuable projects remain,” Wedson said. “This makes the market more secure and innovation-driven.”

The mass delisting effectively clears the way for stronger fundamentals, as capital and attention shift to projects with real-world applications, robust security, and active development.

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On-Chain Metrics Show New Bitcoin Cycle

Alphractal further noted that the SOPR Trend Signal—an indicator that measures whether investors are selling at a profit—has risen for a third time in the current cycle. This suggests a unique phase of bullish discovery. “The current behavior doesn’t resemble bearish patterns,” the firm added, advising investors to remain observant but calm.

With Solana and Ethereum gaining traction and the broader market purging weaker assets, the foundation may be forming for a more sustainable altcoin season.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.