Crypto Market Sees Selective Inflows Rather Than Sustained Bull Trend

The current state of the cryptocurrency market is characterized by a narrative-driven rotation rather than a genuine bull run. This is evident from the recent influx of capital, which has benefited select altcoins while leaving the rest of the market stagnant.

According to data, $62.8 billion in fresh inflows have entered the market since May 19, with the majority of these funds directed towards AI-driven sectors, privacy-focused assets, and TradFi and real-world asset-linked tokens.

The Altcoin Season Index remains subdued at 38, far below the level that would confirm the start of altcoin season. This suggests that the market is still in a narrative-driven phase rather than a full-blown bull market.