ETHFI facing headwinds as altcoin pressure mounts—here's what the data shows.

EthereumFi (ETHFI) slipped 2.15% to hit $0.772, trailing the broader crypto market's slight 0.37% decline. Nothing shocking on surface, but dig into the underlying dynamics and the picture becomes clearer: risk-off vibes are crushing mid-cap alternatives hard.

So what's really driving this? Bitcoin dominance just hit 58.8%, signaling a classic capital rotation play. Traders are rotating out of risky altcoins and stacking sats instead. Meanwhile, the Altcoin Season Index sits at just 18 out of 100—basically screaming that we're nowhere near peak altseason conditions.

When BTC dominance climbs and the altcoin seasonality metric tanks this low, expect mid-tier assets like ETHFI to take it on the chin. The narrative isn't bearish forever; it's just rotation mechanics playing out in real time.