Crypto analyst Nicholas Merten believes that altcoins will outperform Bitcoin in the near future. He refers to an "OTHERS" chart, which shows the total market cap of cryptocurrencies excluding the top ten coins, to gauge the strength of the altcoin market. Merten points out that there is a "clear top formation" in Bitcoin dominance, indicating that money that has been added to Bitcoin's market cap will soon flow into altcoins. He also highlights that the altcoin sector is approaching prior resistance levels and holding above the 200-day moving average, suggesting a potential run-up. Merten attributes this anticipated shift to factors such as increased institutional interest and the growth of ETFs.



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