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So the altcoin season index has risen to 31. I just saw this data and started to think, it seems like a subtle shift happening in the market. Going from 29 to 31 might seem small, but from a trader's perspective, it indicates that more and more altcoins from the top 100 are starting to perform better than Bitcoin over the last 90 days.
They say this altcoin season index functions like a barometer to see whether capital is moving more aggressively into altcoins or still focused on Bitcoin. The official threshold is 75 to consider it a full altcoin season, so we're still far from that. But the move from 29 to 31 is worth noting because it could be an early sign that investors are starting to get interested in alternative assets, especially after Bitcoin consolidates.
Of course, this doesn't guarantee prices will go up. This index is more like a rear-view mirror — showing what has already happened, not predicting the future. But for active traders, it's a signal to start paying closer attention to altcoin charts and check trading volume in altcoin pairs. If the momentum continues next week, then we can say there's a more solid trend.