In the wave of altcoin mania, 67% outperformed Bitcoin?
Recently, that mysterious index measuring "whether altcoins are more explosive than Bitcoin" has surged to 67, setting a record high in nearly three months!
Simply put, among the 100 mainstream altcoins in the market, 67 have risen more fiercely than $BTC in the last 90 days!
Last December, this index was still at a high of 87, but it plummeted to 14 on April 21 this year, and only 15 was left on June 22. At that time, everyone was scared, all money was piled up in BTC, who dared to touch altcoins?
Now it has reversed, by the end of June the index surged upwards, from 24 to 49 in July, and now it has reached 67!
Why the sudden surge? There are several reasons:
After BTC reached a high, large funds shifted to altcoins with greater potential;
DeFi and Meme coins have been continuously favorable recently, attracting a large influx of hot money;
Plus, with the market liquidity warming up, people are naturally willing to take some risks.
However, for this index to stabilize above 75, it would truly indicate an altcoin bull market. Although it hasn’t reached that point yet, the trend is already very clear;
but one fears that the market can flip at any moment, if BTC suddenly nosedives, or if market sentiment changes, capital rotation may be faster than flipping a book!
This rebound in the index is not just random speculation; it tells us where the money is flowing and what everyone is betting on.
Now, if you want to get on board, the first priority is to keep a close watch on BTC. In the past few days, several strategies within the group have also exploded with several 10x and 20x coins; those without ideas are welcome to come and verify!
