Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Market Shift: CoinMarketCap’s Altcoin Season Index has dropped to 29, a one-point decline from the previous day, indicating a capital rotation towards Bitcoin, which could significantly influence investors’ asset allocation strategies.
- Index Composition Analysis: The index is calculated by analyzing the 90-day performance of the top 100 cryptocurrencies, and the current score of 29 means only 29% of major altcoins are outperforming Bitcoin, highlighting a growing preference for Bitcoin in the market.
- Historical Cycle Comparison: The current reading of 29 is not an anomaly but part of a cyclical pattern in the crypto market, with historical data showing that scores below 75 typically indicate a strengthening Bitcoin dominance, often leading to market consolidation.
- Investor Strategy Adjustment: The low index suggests that investors may need to increase their allocation to Bitcoin or Bitcoin-related assets while also providing an opportunity to accumulate promising altcoins, especially in a Bitcoin-dominated market environment.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
