🚨 The Altcoin Season Indicator shown in the image has clearly declined over the last 90 days, with the indicator's value (ASI) dropping to low levels around 27 only, reflecting a clear dominance of Bitcoin and the loss of momentum that most altcoin projects used to build during bullish periods. It is also evident that the market capitalization of altcoins (AMC) has not been able to maintain its previous peaks but has gradually slid from around 1.8 trillion to below 1.5 trillion, indicating weak demand and the absence of strong inflows that usually stimulate our entry into "Altcoin Season".

🚨 In the context of this cycle specifically, it seems that the exclusion of the Altcoin Season has become almost a foregone conclusion at this time, at least until the overall liquidity conditions change. The market behaves as if it is a short dominance cycle for Bitcoin instead of entering a collective bullish wave for altcoins. The continued reading of the indicator below 40 shows that traders are not taking risks in the secondary market, and the current cycle may pass without a clear Altcoin Season.

🚨 Bitcoin is an asset, and the rest are copies

BTCUSDT

Perp

84,385.5

-1.17%

ETHUSDT

Perp

2,758.44

-0.35%

BNBUSDT

Perp

831.23

-2.31%