Altcoin Season Index Drop to 27, Confirm Bitcoin Season
Di Altcoin Season Index don fall further to 27, e comot from 34 and 59 for di past weeks dem. Dis index dey track how di top 100 altcoins dey do against Bitcoin for di past 90 days. E peak reach 87 for December 2024 and e touch low of 12 for April 2025. If di reading low pass 75, dat mean say altcoins no dey perform well, and if e pass 25, e mean say na Bitcoin Season we dey see. Di slide go 27 show say Bitcoin dey perform well pass as e fall 7.7% first, den later e fall another 9.7%, while most altcoins suffer loss. Some beta gains na MYX (+3975%), ASTER (+1461%), ZEC (+514%) and M (+468%). Di big tokens like BNB (+73.9%) and ETH (+25%) do better pass some others, but GT (-9.1%), DEXE (-8%) and LINK (-7.9%) still dey behind. Gold-backed tokens PAXG (+26%) and XAUt (+25.8%) no follow di trend. Overall, trading dey shift towards Bitcoin dominancy and safer assets as altcoin gains dey shrink.
Bearish
Di way disaitin we Altcoin Season Index fall pass 25 confirm say na Bitcoin Season e be, e mean traders dey prefer Bitcoin and safer assets. For short term, dis fit make altcoin price drop as people dey move money comot small token, e go cause more wahala and price no go too strong. But on the other hand, Bitcoin strong fit make people put more money for am, e go support price. For long run, if Bitcoin still dey dominate, people fit no too dey show interest for altcoin again, but sometimes market go cool, e fit make some altcoin price rally small.