Glassnode is saying 86, but CMC is only 45—these two indexes are fighting it out; I’ll watch the show first.

Crypto World news reports that Glassnode’s Altcoin Cycle Index surged to 86 on Tuesday, which typically means that funds are shifting from Bitcoin to alternative cryptocurrencies. However, the latest readings show a different situation. Bitcoin fell below $63,000 this week, while many altcoins have only been declining at a slower pace. This relative resilience has triggered signals, despite a lack of evidence of new capital inflows. CoinMarketCap’s Altcoin Season Index is currently only 45, sitting in the “Bitcoin Season” zone, which requires 75 altcoins to outperform Bitcoin within 90 days. Glassnode’s model tracks relative momentum, and trigger signals are activated when altcoins drop less than Bitcoin. The change on Tuesday was driven by broader stock sell-offs, with the Nasdaq closing down 1.3% on Monday.