In recent weeks, the cryptocurrency market has shown signs of prolonged consolidation, especially in the altcoin segment. Experts express cautious optimism about future changes.
Current Market Conditions
According to analysts, the market cap share of cryptocurrencies outside Bitcoin remains around 7.26%, close to historical support. This measure has been declining since the late 2021 peak.
Historical Data and Market Movements
Historically, similar deep levels of this metric often align with significant altcoin rebounds, as seen in 2019 and 2022.
Future Outlook: Altcoin Predictions
The current Altcoin Season Index reads 35 out of 100, indicating that Bitcoin continues to outperform most altcoins. A breakout for altcoins is expected only when the threshold reaches 75.
Thus, the current market condition shows that 'Bitcoin season' is not yet over, and a breakthrough for altcoins may take time. Analyzing historical data can indicate optimal trading moments.
