Altcoin Season Index at 35 signals continued Bitcoin dominance in current market cycle.
Crypto analyst Michaël van de Poppe has noted that the altcoin market remains in its accumulation phase, with no indication yet of a trend reversal.
In a recent post, van de Poppe pointed to the Others.D chart, which tracks the market cap of all crypto assets outside the top 10, and compared the current market structure to the conditions seen in the summer of 2019.
The chart shows that altcoins outside the top 10 are still trading near their cycle lows. According to van de Poppe, the altcoin market has yet to show signs of a breakout, but historical data points out “there…
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