Altcoins Analytics 5th January 2026
This week's edition of our Crypto Altcoins Analytics.

BTC and Altcoin Dominance
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 – The past week has seen SOL, ETH and XRP move overall in line with BTC however there are clear spikes of alt-led outperformance. In particular, XRP has outperformed more so than SOL and ETH relative to BTC.
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

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

ETF Flows: BTC, ETH & Altcoins
ETF Flows – Since 20 Dec, flows have been subdued: BTC and ETH ETFs saw mostly small net outflows, with a modest rebound into month-end. Altcoin ETFs were steadier overall, with intermittent inflows - notably SOL and XRP on a market-cap-normalised basis.
ETF net Flows: BTC, ETH & Altcoins

Onchain Activity Index
Onchain Activity Index - SOL

Onchain Activity 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.
Block Scholes’ Network Metric Index measures the momentum of an altcoin’s on-chain network metrics, normalised against Ethereum’s metrics. The index shows whether network activity is elevated (above 1) or subdued (below −1) relative to Ethereum.

