Altcoin Season Index Hits 30: A Turning Point for Cryptocurrency Market

The cryptocurrency market is experiencing a significant shift with the Altcoin Season Index reaching 30. This development marks a turning point for market observers as it indicates evolving dynamics between Bitcoin and altcoins.

Experts emphasize that this milestone is not an official declaration of an altcoin season but rather a quantifiable signal of changing market conditions. A score of 75 would signify a full-blown altcoin season, where 75% of the top 100 cryptocurrencies outperform Bitcoin.

The index operates on a transparent and quantitative methodology, analyzing the 90-day price performance of the top 100 cryptocurrencies relative to Bitcoin's performance over the same period. Analysts cross-reference this data with other indicators like Bitcoin's dominance rate (BTC.D), trading volume ratios, and funding rates in perpetual futures markets.