The panic index today is 53, still in a neutral state.
Currently, the market expects that the U.S. Federal Reserve will at least cut rates by 25 basis points on Wednesday, restarting the rate cut cycle, which will encourage more funds to enter the market, pushing up the prices of risk assets. Cryptocurrencies are also benefiting from this sentiment, with BTC and ETH spot ETFs recording positive inflows. The altcoin season index even reached 84 over the weekend, indicating that most altcoins have seen significant price increases. According to past records, when this index breaks 75, the altcoin season generally starts an upward trend and lasts for 2-3 months. If this trend continues, it is highly likely that the altcoin season will last until the end of the year, which coincides with the market's expectation of rate cuts starting the bull market. Easing expectations will drive the continuation of the bull market.
Currently, the market expects that the U.S. Federal Reserve will at least cut rates by 25 basis points on Wednesday, restarting the rate cut cycle, which will encourage more funds to enter the market, pushing up the prices of risk assets. Cryptocurrencies are also benefiting from this sentiment, with BTC and ETH spot ETFs recording positive inflows. The altcoin season index even reached 84 over the weekend, indicating that most altcoins have seen significant price increases. According to past records, when this index breaks 75, the altcoin season generally starts an upward trend and lasts for 2-3 months. If this trend continues, it is highly likely that the altcoin season will last until the end of the year, which coincides with the market's expectation of rate cuts starting the bull market. Easing expectations will drive the continuation of the bull market.