I just noticed that the altcoin season index has dropped back to 40, down from the previous day. Looking at on-chain data, Bitcoin dominance is currently at 56.50% — this number says a lot about the current market sentiment. When the altcoin season index is at this level, it indicates that less than half of the top 100 altcoins have outperformed Bitcoin over the past 90 days. That means Bitcoin is dominating strongly, and altcoins are quiet. The data shows this is a neutral phase, not favorable for a broad altcoin rally. According to analysts, periods when the altcoin season index is low like this are often long consolidation phases or preludes to a change. It’s important to monitor the upcoming capital flows to see whether Bitcoin will continue to dominate or if altcoins will have a chance.

BTC1.99%
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