The Altcoin Season Index has declined to 24, indicating Bitcoin's continued market dominance. Whale traders on Hyperliquid have shifted their positions, liquidating shorts and going long on Ethereum (ETH), Bitcoin (BTC), Solana (SOL), and Uniswap (UNI), achieving 20 profitable trades since early October. The ETH/BTC ratio has formed a bullish cross, reminiscent of the 2020 pre-altseason setup, suggesting a potential shift in market momentum.
The 90-day Altcoin Season Index chart reflects a downward trend, consistent with the total altcoin market cap, which remains below $1.6 trillion. Historical patterns indicate that the current market structure mirrors past cycles, hinting at a possible altcoin recovery as market confidence stabilizes.
Altcoin Season Index Falls to 24 as Whales Bet on Major Cryptos
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