I just noticed that the Altcoin Season Index is still stuck at level 24, meaning Bitcoin is still much stronger than most altcoins over the past 3 months. So according to the definition, the altcoin season only begins when 75% of the top coins can outperform Bitcoin, but we're far from that condition right now.



Looking at the latest movement, BTC has increased by 0.45% over the past week but has decreased by 5.29% this month. This indicates that Bitcoin remains the main choice for investors, while altcoins are still lagging behind. Based on this trend, it seems there are no strong signals for a rotation into altcoins in the near future.

Maybe this is a good moment to wait or perhaps the market could surprise us with a sudden change. Clearly, Bitcoin's dominance is still evident from this index.
BTC0.15%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin