IS ALTSEASON ARRIVING? THE DATA STILL SAYS "CALM" ⚠️
Everyone starts talking about altseason when Bitcoin rises.
But the current data calls for caution.
The Altcoin Season Index is at approximately 40, according to recently reported data. That means the market is still not showing a broad, confirmed altseason.
On the other hand, the trading volume of altcoins on Binance has increased significantly and reached a share that hasn’t been seen in about two years.
This could be a sign that money is starting to look for opportunities beyond Bitcoin.
But there’s a huge difference between:
"altcoins are going up"
and
"we’re officially in an altseason".
We still can’t claim the second one.
Maybe that’s exactly why this moment is so interesting to keep an eye on.
#Altseason #BinanceSquare
Everyone starts talking about altseason when Bitcoin rises.
But the current data calls for caution.
The Altcoin Season Index is at approximately 40, according to recently reported data. That means the market is still not showing a broad, confirmed altseason.
On the other hand, the trading volume of altcoins on Binance has increased significantly and reached a share that hasn’t been seen in about two years.
This could be a sign that money is starting to look for opportunities beyond Bitcoin.
But there’s a huge difference between:
"altcoins are going up"
and
"we’re officially in an altseason".
We still can’t claim the second one.
Maybe that’s exactly why this moment is so interesting to keep an eye on.
#Altseason #BinanceSquare
