⚙️ RUSSEL 2000 AND ALTSEASON
All scenarios of that very "altseason" are currently above the white line on the Russell 2000 index chart.
Every time this index broke previous highs, ONLY AFTER THAT did the acceleration of all low-capitalized and high-risk assets begin.
Throughout history, all celebrations in the crypto market - in 2013, 2016, and 2020, were ALWAYS accompanied by the breakout of the Russell 2000 from its highs (the white line) and the beginning of the Price discovery phase.
And there is logic in this: this index represents the appetite for risk in the small-cap company sector.
Therefore, when investors start actively pouring money into the riskiest and illiquid assets of the stock market, crypto (especially its altcoin part) traditionally receives its hefty portion of fuel.
According to this index: we are currently further from the white line than we were in November 2024, which means the market will still need time for a full acceleration and euphoria.
The good news is that the Russell 2000 chart continues to show rising highs, just like in all previous cycles.
