Just noticed the altcoin index jumped up 5 points to 48 on CoinMarketCap - that's interesting. Basically it's tracking whether 75% of the top 100 altcoins are actually beating Bitcoin's performance over the last 90 days. When this altcoin index climbs, it usually means money's rotating out of BTC and into alts, which we've definitely been seeing lately. The fact that it's moving up suggests investor sentiment is shifting and people are getting more interested in altcoin plays again. Not saying it means much on its own, but combined with what I'm seeing on-chain, the altcoin index does seem to be a decent indicator of when the market's mood is changing. Worth keeping an eye on if you're trading alts.

BTC2.04%
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