Altcoin market cap hits $222B for first time in 8 months, but altseason still not here
- —Altcoin market cap reached $222 billion for the first time in 8 months
- —Altcoin-to-Bitcoin futures OI is 10–15% below the risk threshold
- —Altseason index at 54, Bitcoin dominance at 59.19%
- —Altcoins are still 54% below their all-time high
Why it matters: Leverage below the risk threshold means altcoins have room for speculative capital inflows, but a sustained altseason has yet to begin.
Source: Cryptonews.net