🚀 #ALTCOIN_SEASON_INDEX IS "STARTING TO MOVE" AT LEVEL 39! ARE YOU ALTCOIN HOLDERS READY TO "PEAK"? 🚀
Have you noticed: Recently Bitcoin has been "soaring" high, but there is one index that Altcoin enthusiasts are paying more attention to than BTC price, which is the Altcoin Season Index (ASI)! Sounds interesting, right? Let me break down this chart for you to understand, and then we'll see if Altcoin Season is "knocking on the door"!
📌 What is ASI that makes it so "hot"?
Simply put, ASI measures the percentage of the TOP 50 (or TOP 100) Altcoins that are "performing" better than Bitcoin in the past 90 days.
- ASI >= 75: Altcoin Season (Altcoins are "blooming", money is pouring into Altcoins rapidly).
- ASI <= 25: Bitcoin Season (Bitcoin is the "king", Altcoins are in "hibernation").
- In the middle: The market is "hesitant", waiting for signals.
Currently on the chart: ASI is at 39! It's not 75 to officially call it Altcoin Season, but it's also no longer in the "dead zone" below 25 of Bitcoin Season. It's in between, but what's important is that the trend is starting to rise from the low!
History repeats itself? Looking back at previous Altcoin Season peaks on the chart (like late 2017, mid-2019, early 2021, mid-2021, mid-2022, early 2024), you'll see that ASI often has powerful "bounces" after "hibernating" in the low area. After each "dive" in the Bitcoin Season area, the market tends to seek opportunities in Altcoins.
Recent trends: After a long period of "diving" in the Bitcoin Season area (late 2023 - early 2024), ASI has made a "jump" up to nearly 75% at the beginning of 2024 (like the meme coin season, Dencun, DePIN mentioned). It then corrected, but is currently rising from the low (from about 20-30 to 39). This is a "sign of movement"!
📌 Combined with other signals:
- Bitcoin Dominance (BTC.D) is slightly decreasing: Remember, BTC Dominance is showing signs of being rejected from the resistance zone of 65% and is decreasing slightly? When BTC.D decreases, money tends to flow from Bitcoin to Altcoins. This is the "perfect pair" signaling the Altcoin Season, my friends!
- Huge ETF cash flow: The massive cash flow into Bitcoin and Ethereum ETFs (such as +716.63 million USD ETH and +799.5 million USD BTC) may be a precursor to the rotation into Altcoins as institutional investors seek higher profits after Bitcoin has seen significant growth.
- Market sentiment: After Bitcoin has "soared" too high, investor sentiment is starting to look for "x" account opportunities in smaller-cap Altcoins that are more volatile.
⁉️ So, is Altcoin Season "knocking on the door"?
Although ASI has not officially "turned green" at 75%, with it rising from the low area and the signals from decreasing BTC Dominance, along with significant cash flow waiting to rotate, the chance of Altcoin Season "knocking on the door" is EXTREMELY HIGH!
For those holding Altcoins, prepare for a "peak"! Narratives like DeFi, Layer-2, GameFi, AI, DePIN, or even Meme coins could be the "stars" of this season.
A small (but important) note: Remember to research each project thoroughly and manage risk (diversify, set stop-loss) to avoid being "caught off guard"! The crypto market is extremely volatile; don't miss the opportunity and then regret it later! 😁