๐ Not Quite Yet! Despite BTC hitting new ATHs above $122k, altcoin season hasnโt arrived. BTC needs to consolidate to let capital rotate into altcoins. So far, Bitcoinโs rally shows strength without overheating, keeping altcoin investors waiting.
๐ Altcoin Season Index Still Low. The index sits at 33, well below the 75 needed for altseason. Last confirmed altseason? November 2024. BTC dominance (BTC.D) has slipped 2.07% since late June, hinting at early signs of alt strength but not enough yet.
๐ฅ $ETH Leading the Charge. Ethereum is pushing toward $3k, which could spark broader altcoin gains. A strong ETH rally often kicks off altseason as investors rotate capital.
๐ Market Cap Breakout. Altcoin market cap broke $1.25T resistance, eyeing Decemberโs $1.64T high. But for this, Bitcoin must rally first. Historically, BTC surges lead, then capital flows into alts in explosive moves.
๐งญ $BTC Dominance Still High. BTC.D is at 64.65%, far from the 40% seen during prior altseasons (late 2017, early 2021). A steep BTC.D drop usually signals true altseason, but for now, it's wait and watch.
โ ๏ธ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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