๐ Altcoin Season Index Hits 50 โ Market at a Tipping Point?
As of today, the Altcoin Season Index is exactly 50, indicating a balanced market between Bitcoin and altcoins. BTC dominance stands strong at 59.77%, while ETH is at 11.54%. Gas fees are super low โ just 1 Gwei for fast transactions! ๐ฎ
Total perpetual open interest is $839B, and volatility is creeping in with ETH options at 71.77, much higher than BTCโs 42.09.
Are we gearing up for an altseason? Or is Bitcoin set to dominate further?
