Altcoin euphoria fades as spot volumes return to 2022 average
- —Altcoin-to-Bitcoin spot volume ratio fell from about 4 to about 3
- —Bitcoin dominance at 60.49%, down from 60.91% on October 18
- —Altcoin Season Index at a neutral 51
- —ERC-20 stablecoin balances on exchanges dropped to $55.97B from $78B
Why it matters: A break above 61.5% dominance would extend Bitcoin's lead, while a drop below 58% could trigger rotation into ETH and altcoins.
Source: BeInCrypto DE