🚨 70% of Binance altcoins are above their 200-day average…
So… where is Altseason? 😂
This is where crypto gets interesting.
A large majority of Binance-listed altcoins are now trading above their 200-day moving average.
Sounds bullish, right?
But there’s a catch. 👀
The Altcoin Season Index is still around 41.
The commonly used threshold for “Altcoin Season” is 75.
So we currently have an interesting mismatch:
📈 Altcoin breadth is improving
BUT
₿ Altcoins still haven't broadly outperformed Bitcoin enough to confirm Altseason.
In simple words:
Many altcoins are recovering…
but that doesn't automatically mean Altseason has arrived.
Think of it like this:
70% of the class showed up to the party…
but Altseason is still outside checking the guest list. 😂
What matters next is whether this strength spreads further and whether altcoins can continue outperforming BTC.
Are you seeing real altcoin strength, or just a temporary recovery?
$BTC $SOL $ETH
#AltcoinSeason #Altcoins #CryptoMarket #Bitcoin #BinanceSquare
So… where is Altseason? 😂
This is where crypto gets interesting.
A large majority of Binance-listed altcoins are now trading above their 200-day moving average.
Sounds bullish, right?
But there’s a catch. 👀
The Altcoin Season Index is still around 41.
The commonly used threshold for “Altcoin Season” is 75.
So we currently have an interesting mismatch:
📈 Altcoin breadth is improving
BUT
₿ Altcoins still haven't broadly outperformed Bitcoin enough to confirm Altseason.
In simple words:
Many altcoins are recovering…
but that doesn't automatically mean Altseason has arrived.
Think of it like this:
70% of the class showed up to the party…
but Altseason is still outside checking the guest list. 😂
What matters next is whether this strength spreads further and whether altcoins can continue outperforming BTC.
Are you seeing real altcoin strength, or just a temporary recovery?
$BTC $SOL $ETH
#AltcoinSeason #Altcoins #CryptoMarket #Bitcoin #BinanceSquare
