Eight altcoins tripled Bitcoin's monthly return, but altseason index sits at 51
- —NEAR gained 121% in a month, Cardano 20%, versus Bitcoin's 6.4%
- —Altseason index at 51 on Oct 10, far below the 75 threshold; CoinMarketCap index at 61
- —Six of eight tokens declined over the week: UNI -19%, HBAR -9%, LTC -8%
- —All eight trade 74–93% below all-time highs, compared with 34% for BTC
Why it matters: The index below 75 suggests the rally has not yet confirmed a broad altseason; a sustained move above the threshold would signal a trend shift.
Source: Blockmedia