1 month ago
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Key Takeaways
- Glassnode’s Altcoin Cycle Signal reads 86, deep in altcoin-season territory.
- CoinMarketCap’s Altcoin Season Index sits at 45, still Bitcoin season.
- The two disagree because they measure different things.
- Alts are outperforming by falling less, not by rising.
- Sellers look exhausted, but buyers have not arrived in volume.
The Glassnode reading is real, but the mechanism behind it is the opposite of what the label usually implies. Altcoin season normally means alts are outperforming Bitcoin because money is rushing into them.
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