Currently, the Altcoin Season Index indicates that the crypto market is in Bitcoin Season, where Bitcoin is dominant.
Understanding the Altcoin Season Index
The Altcoin Season Index, tracked by CoinMarketCap, reflects the performance of the top 100 cryptocurrencies against Bitcoin over the past 90 days. A score of 24 indicates that only 24% of altcoins have outperformed BTC.
What Does ‘Bitcoin Season’ Really Mean?
Bitcoin Season is characterized by fewer than 25% of the top 100 altcoins outperforming Bitcoin over a 90-day period. Current conditions show that investors are primarily focusing on Bitcoin, as evidenced by the low altcoin index.
Strategies for Navigating Bitcoin Season
Investors during Bitcoin Season are advised to focus on Bitcoin itself, be selective with altcoins, and manage risks due to their higher volatility. Some altcoins may still yield interesting results, but that requires in-depth analysis.
The current state of the cryptocurrency market reflects Bitcoin's dominance. Investors should recognize market phases and adjust their strategies accordingly with the Altcoin Season Index.