Current altcoin season index 84, what is the true altcoin season index? How is it calculated? Don't worry, I will calculate it for everyone👇.
Given the total market capitalization of the cryptocurrency market is 30.43 trillion yuan, removing the market capitalization of Bitcoin, the top fifteen altcoins, and all stablecoins, after some calculations, the remaining true market capitalization of altcoins is 3.0947 trillion yuan.
Excluding Bitcoin, the total market capitalization of altcoins is 30.43 - 16.42 = 14.01.
Then we arrive at the true altcoin quarterly index 84 × 3.0947 ÷ 14.01 = 18.55. Seeing this number, isn't it even more heartbreaking? 😱 The true altcoin quarterly index is only 18.55, still in the orange oversold zone! 😂
