Swissblock: BTC remains in "accumulation mode", and "altseason is rebooting".
Facts:
- BFI (BTC Fundamentals Index): 63 - "strong fundamental factors" zone (above 50).
- Network Growth: 71.23 - acceleration of the influx of new participants/network activity.
- Liquidity: 48.93 - slightly below neutral (50), which creates a sense of "pause".
- BTC Dominance: remains above 60%, on the "Bitcoin–Altcoin Cycle" chart, Bitcoin Season mode is maintained, but the "pulse" of alts is not extinguished.
From these facts, important:
- For #BTC, according to #Swissblock indicators, the situation is temporarily weaker, but network growth is accelerating, therefore the conclusion is that this is not the end of the trend, but preparation for the next upward impulse.
- The imbalance "Network Growth greater than Liquidity" - often precedes the "ignition" phase. That is, demand is maturing, while liquidity catches up later.
- "Bitcoin season" in the indicator - is not a death sentence for altcoins. In Swissblock, based on cycle dynamics, they conclude that this is a reboot. Capital in altcoins is currently less, but conditions for rotation are forming.
- The current correction in Swissblock's assessment - is accumulation, not a crash: the fundamental remains positive amid cooled liquidity.