Bitcoin dominance has led to a sharp decline in the Altcoin Season Index, raising questions about a potential altcoin bear market...
This shift has many wondering – Are we witnessing the start of a bear market for altcoins, or is this a prime opportunity for savvy investors to buy in before a potential recovery?has plunged to levels that historically indicate Bitcoin’s dominance over the broader crypto market. With only 11 out of 57 tracked altcoins outperforming Bitcoin over the last 60 days, the index has decisively shifted into “Bitcoin Season.
Such a divergence hints at a short-term bearish outlook for altcoins. Worth noting, however, that previous ASI dips have preceded strong altcoin recoveries, raising the possibility of future opportunities.Historically, such stark underperformance has often preceded altcoin rebounds, as market rotations shift capital back into alternative assets. Notably, large-cap altcoins like XRP and AAVE tend to act as leaders, signaling early signs of recovery.
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