Large-cap altcoins could lead Bitcoin as institutional demand shapes the next rally

Institutional demand could put large-cap altcoins ahead of Bitcoin in the next crypto rally, with activity concentrated in assets supported by tokenization and real transactions, according to Canary Capital CEO Steve McClurg. In a November 1 interview with Altcoin Daily, McClurg argued that institutional buying through exchange-traded funds and digital asset treasury companies would define the market’s next phase. His view challenges the familiar sequence in which Bitcoin advances before capital rotates into altcoins. McClurg identified active protocols with substantial transactions and ongoing development as the strongest candidates for institutional interest.