ChainCatcher news, although macroeconomic factors such as China's economic stimulus policies and the Federal Reserve possibly signaling a rate cut in September have released positive signals, the altcoin season has not yet arrived. Deribit Chief Business Officer Jean-David Péquignot stated that loose central bank policies may indeed increase market liquidity and drive speculative funds into risk assets.
However, the market still currently lacks sufficient trading volume and broad growth momentum. The recent rise in Ethereum's price compared to Bitcoin is seen as a potential signal of a market shift, but it is not enough to trigger a full-blown altcoin season. Additionally, according to the CoinMarketCap Altcoin Season Index, the current indicator stands at 44, well below the critical level of 75. Bitcoin's market dominance remains at 58%, continuing to hold a central position in the crypto market.
