Altcoin Season Index Drops to Lowest Point in Two Years: Here’s What History Tells Us
- Altcoin Season Index hits 12, signaling heavy Bitcoin dominance.
- The dip marks the lowest level for the indicator since 2023.
- June has historically been a weak month for altcoins since 2019.
The Altcoin Season Index dropped to 13 this June, its lowest point in two years, signaling that Bitcoin continues to significantly outperform the vast majority of altcoins. The decline is part of a recurring mid-year seasonal pattern that has historically seen a shift in market dominance toward Bitcoin.
The data from the index, which measures the performance of the top 50 altcoins against Bitcoin, reinforces the current market sentiment of caution and a “flight to quality” within the digital asset space.
Bitcoin Gaining the Upper Hand
The Altcoin Season Index, published by BlockchainCenter, measures the performance of the top 50 altcoins against Bitcoin over a 90-day window. A score below 25 indicates that fewer than 25% of altcoins are outperforming Bitcoin during that period, an indicator that it is “Bitcoin Season.”
Related: Four Years of Altcoin Consolidation: Are We Facing the Final Shakeout Before a Huge Breakout?
As of this month, the index stands a…
The post Altcoin Season Index Drops to Lowest Point in Two Years: Here’s What History Tells Us appeared first on Coin Edition.
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Altcoin Season Index Drops to Lowest Point in Two Years: Here’s What History Tells Us
- Altcoin Season Index hits 12, signaling heavy Bitcoin dominance.
- The dip marks the lowest level for the indicator since 2023.
- June has historically been a weak month for altcoins since 2019.
The Altcoin Season Index dropped to 13 this June, its lowest point in two years, signaling that Bitcoin continues to significantly outperform the vast majority of altcoins. The decline is part of a recurring mid-year seasonal pattern that has historically seen a shift in market dominance toward Bitcoin.
The data from the index, which measures the performance of the top 50 altcoins against Bitcoin, reinforces the current market sentiment of caution and a “flight to quality” within the digital asset space.
Bitcoin Gaining the Upper Hand
The Altcoin Season Index, published by BlockchainCenter, measures the performance of the top 50 altcoins against Bitcoin over a 90-day window. A score below 25 indicates that fewer than 25% of altcoins are outperforming Bitcoin during that period, an indicator that it is “Bitcoin Season.”
Related: Four Years of Altcoin Consolidation: Are We Facing the Final Shakeout Before a Huge Breakout?
As of this month, the index stands a…
The post Altcoin Season Index Drops to Lowest Point in Two Years: Here’s What History Tells Us appeared first on Coin Edition.
Read More