As of July 30, the altcoin market has remained in a weak and range-bound consolidation pattern overall, performing noticeably worse than Bitcoin and Ethereum.
In terms of market characteristics, liquidity has continued to tighten, and capital has flowed into large-cap assets such as BTC and ETH, leaving altcoins under pressure across the board. Over the past week, HYPE fell by about 8%, XRP by 6%, SOL by 5%, and DOGE by 4%. BNB was one of the few major coins that posted a weekly gain. In the Korean market, “reverse kimchi premium” has appeared, reflecting weak local demand for altcoins.
Regarding key indicators, the Altcoin Season Index has rebounded to 41, still some distance from the 75 threshold required to confirm an “Altcoin Season.” At the same time, the Fear and Greed Index is in the “Fear” zone at 27, suggesting lower risk appetite in the market.
In terms of action, it is recommended to closely monitor whether BTC dominance can stay below 56% and whether the Altcoin Season Index can continue above 75, among other conditions, and to strictly control leverage and position sizing.
In terms of market characteristics, liquidity has continued to tighten, and capital has flowed into large-cap assets such as BTC and ETH, leaving altcoins under pressure across the board. Over the past week, HYPE fell by about 8%, XRP by 6%, SOL by 5%, and DOGE by 4%. BNB was one of the few major coins that posted a weekly gain. In the Korean market, “reverse kimchi premium” has appeared, reflecting weak local demand for altcoins.
Regarding key indicators, the Altcoin Season Index has rebounded to 41, still some distance from the 75 threshold required to confirm an “Altcoin Season.” At the same time, the Fear and Greed Index is in the “Fear” zone at 27, suggesting lower risk appetite in the market.
In terms of action, it is recommended to closely monitor whether BTC dominance can stay below 56% and whether the Altcoin Season Index can continue above 75, among other conditions, and to strictly control leverage and position sizing.