Altcoin market cap tops $1.07 trillion, but altseason hasn't started yet
- —Altcoin market cap exceeded $1.07 trillion — the midpoint of a range with a maximum of $1.71 trillion
- —The altseason index stands at 54; market extremes usually occur above 80
- —70% of altcoins on Binance have returned above their 200-day moving average
- —The Fear and Greed Index has held above 60 since August 20
Why it matters: Rising altcoin market cap and falling Bitcoin dominance may signal the start of capital rotation into altcoins, but high leverage increases the risk of a pullback.
Source: AMBCrypto