THORChain (RUNE) rallies 35% as the entire DeFi sector turns bullish

In the past week, a large number of altcoins have broken from their sideways ranges to post double-digit gains and it appears that investors are interpreting the current trend as a new ‘altcoin season’.

As historical data shows, these altcoin breakouts typically occur after (BTC) enters a consolidation phase after a sharp rally similar to the one the maket has witnessed over the past three weeks.