Altcoin Season Index, Closely Followed by Investors, Begins to Fall Again! Here Are the Details
The Altcoin Season Index, one of the indicators closely followed by investors in the cryptocurrency market, has recorded a decline with the latest data. According to information shared by CoinMarketCap, the index fell to 32, experiencing a 1-point decrease compared to the previous day.
This index offers investors a valuable perspective by comparing the overall altcoin performance to Bitcoin. The calculation method is based on comparing the price performance of the top 100 cryptocurrencies (excluding stablecoins and wrapped assets) over the past 90 days to that of Bitcoin.
According to the index’s logic, an “altcoin season” is declared when at least 75% of these 100 cryptocurrencies outperform Bitcoin. Conversely, if the index value remains at low levels, it indicates that a period known as “Bitcoin season” is dominant in the market.
The current level of 32 indicates that altcoins are generally underperforming against Bitcoin. Experts suggest that this shows investor interest is shifting more towards Bitcoin, and market dominance is increasing in favor of the leading cryptocurrency.
Analysts emphasize that the index approaching 100 is considered a strong signal that the altcoin season has begun, but current levels indicate that the market is still far from that stage. Therefore, investors are advised to continue carefully monitoring market trends.
*This is not investment advice.