Crypto metric signals altseason as Bitcoin market-cap share stalls below 60%

Crypto metric signals altseason as Bitcoin market-cap share stalls below 60%

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

Bitcoin’s (BTC) rise to $86,000 this week has dragged altcoin markets higher as the industry’s market cap reclaimed $3 trillion.

Key points: A proprietary metric from onchain analytics platform Glassnode has delivered a new “altcoin season” signal this week on the back of recent crypto market upside.

Glassnode’s Altcoin Cycle Signal, which compares the market cap of the 250 largest cryptocurrencies relative to Bitcoin, has flipped to favoring altcoin outperformance.

Altcoin season — known in crypto circles as ‘altseason’ — refers to periods when altcoins outperform Bitcoin in combined market-cap growth.

Glassnode’s metric delivers “altcoin season” signals when relative growth in market cap of the 250 largest altcoins, excluding stablecoins, is temporarily stronger than that of Bitcoin.

The exact methodology behind the calculation is not disclosed.

The seven-day rolling mean value of the Altcoin Cycle Signal measured 81.25 on its normalized scale from 0-100 as of Monday.

“The first rally in August saw altcoins stay relatively flat while BTC moved.

However, today’s rally has ignited the full breadth of the altcoin market,” Glassnode reported in a post on X.

The combined altcoin market cap reached $1.19 trillion on Tuesday, marking its highest level since late January.

Analiz: Piyasa hareketliliği devam ediyor.