The Altcoin Season Index is a tool for gauging which cryptocurrencies (altcoins or Bitcoin) are dominating the market. Currently at 16, the index indicates a Bitcoin Season.
What is the Altcoin Season Index?
The Altcoin Season Index analyzes the top 100 cryptocurrencies, excluding stablecoins and wrapped tokens, based on their 90-day performance relative to Bitcoin. The index ranges from 1 to 100, showing how many altcoins outperform Bitcoin.
What Does the Current Level of 16 Mean?
An index level of 16 signifies a 'Bitcoin Season', where less than 25% of altcoins have outperformed Bitcoin over the past 90 days. It highlights Bitcoin's market dominance.
Strategies for the Market During Bitcoin Season
During Bitcoin Season, focus on Bitcoin dominance and be selective with altcoins. Consider strategies leveraging Bitcoin's growth.
The Altcoin Season Index at 16 indicates a shift to Bitcoin Season, requiring investors to adjust their strategies to the new market dynamics.