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Altcoin Season

Altcoin Season is a brief period in the market where Bitcoin grows slower than other cryptocurrencies. Typically, this suggests Bitcoin's growth is plateauing, and traders are shifting liquidity to riskier assets for quick profits.

Altcoin Season is heavily influenced by news, technological innovations, legislative changes, or specific financial events. For instance, the launch of Chat GPT triggered an altcoin season in the Al sector, and Meta's debut sparked interest in the metaverse sector. Also, major airdrops, the launch of meme coins, Ethereum's transition from mining to staking, and particularly the DeFi sector, can trigger a local altcoin season.

At the start of Altcoin Season, Bitcoin dominance reaches a local peak. Further decline indicates the growing market capitalization of alternative cryptocurrencies. Since Bitcoin either stagnates or grows slowly during this season, the reversal in dominance can occur before Bitcoin's price reversal, providing a reference point for short-term trading.

Since liquidity shifts from BTC first into ETH, Altcoin Season often starts with Ethereum. Therefore, both the Bitcoin dominance chart and the ETH/ BTC chart, which shows the price ratio of the two leading cryptocurrencies, can indicate an Altcoin Season.

According to the Altcoin Season Index, if at least 75% of the top 50 cryptocurrencies have outperformed Bitcoin in the last 90 days, it's considered Altcoin Season. If only 25% or fewer of these coins have outperformed Bitcoin, it's Bitcoin Season. These indicators help understand the current liquidity coordinates in the market to avoid becoming the liquidity yourself. Currently, we're at a 65% mark with an upward trend.