Tazmina Rashid
Research Analyst
Last Updated:
February 10, 2026
•
8 Minutes
Altcoins Analytics 10th February 2026
This week's edition of our Crypto Altcoins Analytics.
BTC and Altcoin Dominance
Bitcoin and Altcoin Dominance – Despite crypto prices dropping rapidly amidst broader market weakness, Bitcoin dominance remains surprisingly steady, only showing slight fluctuations over the past week. In comparison, Altcoin dominance has dropped more significantly, falling down over 5% to a 30% dominance, a reflection of the value dispersing into stablecoins, rather than a rotation into Bitcoin.
BTC Dominance
Altcoin Dominance
Altcoins / BTC Spot Crosses
Altcoin spot prices denominated in BTC: BNB
Altcoin spot prices denominated in BTC: SOL
Altcoin spot prices denominated in BTC: XRP
Altcoin spot prices denominated in BTC: ETH
Altcoins Outperformance vs BTC
Altcoins Outperformance – Altcoin spot prices dropped alongside BTC, reaching around 50% of their previous all-time-highs. SOL, ETH and XRP have underperformed BTC’s poor returns. XRP stands out, exhibiting higher movements with a larger spike in underperformance on Feb 06, recovered by an 8.5% outperformance on Feb 07.
Daily relative simple returns vs BTC
Altcoin Performance vs BTC
Daily relative simple returns vs BTC: ETH
Daily relative simple returns vs BTC: BNB
Daily relative simple returns vs BTC: SOL
Daily relative simple returns vs BTC: XRP
ETF Flows: BTC, ETH & Altcoins
ETF Flows – The sharp sell-off on 4–5 February did not impact ETF flows as we’d expect given the size of the move. BTC and ETH ETF flows (scaled relative to their market caps) moved lower at the same time, with SOL ETF flows also decreasing.
Most of the remaining Altcoins ETFs have not experienced the same scenario and have not had any outflows throughout those days.
ETF net Flows: BTC, ETH & Altcoins
Regression-Based Valuation vs BTC
ETH Spot vs BTC Spot regression
BNB Spot vs BTC Spot regression
SOL Spot vs BTC Spot regression
XRP Spot vs BTC Spot regression
Risk Appetite Index
Risk Appetite Index - SOL
Risk Appetite Index - SUI
Block Scholes’ Risk Appetite Index measures the level of euphoria (above 1) or panic (below -1) in the spot market. Momentum in this index shows a strong relationship to spot returns.
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Crypto Risk Appetite Report 19th February 2026
This week's edition of our Market Sentiment Report.
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Institutional
Hyper Foundation Unstakes 1M HYPE to Launch HPC
BTC is still rangebound between $65k and $70k while ETH has broken below $2,000 and majors like XRP BNB SOL and DOGE are down roughly 3% to 5% as our Risk Appetite Index continues to drift lower toward its late 2025 bounce level. FOMC minutes from the January 27 to 28 meeting skewed hawkish with the vast majority emphasising sticky inflation and several noting rates could even be adjusted higher if inflation stays above target though a smaller group still supports easing if disinflation resumes. On the crypto development side EVMbench launched with 120 vulnerabilities from 40 audits Coinbase expanded Morpho powered onchain lending collateral to XRP Dogecoin Cardano and Litecoin for up to $100k USDC borrowing Hyper is allocating 1M HYPE to a DeFi policy centre and XRPL activated XLS 81 enabling permissioned DEX venues with controlled access.
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Grayscale Sui Staking ETF Will Debut on NYSE Arca
BTC remains rangebound in the $65K to $70K range, while ETH has held near $2,000 since 6 February, as spot ETF flows diverged yesterday between $104.9M of BTC outflows and $48.6M of ETH inflows. Corporate accumulation continues despite softer prices, led by Strategy’s $168M BTC purchase and Bitmine’s $91.3M ETH add, taking its holdings to 4.371M ETH. Market structure developments remained active, with LMAX adding 24/7 margin-based Gold perps, BlackRock advancing its proposed staked ETH ETF, and Grayscale’s Sui staking ETF set to list on NYSE Arca.