The Altcoin Run Is Giving Back Ground Fast as Bitcoin Dominance Climbs
Nearly half of Binance-listed altcoins have dropped back below their 200-day moving average. That share reached 48.4% on October 18, up from under 10% in early October. Blockchaincenter’s 90-day Altcoin Season Index still reads a neutral 51. However, its 30-day Altcoin Month Index has dropped to 29, close to the 25 level that marks Bitcoin The post The Altcoin Run Is Giving Back Ground Fast as…
Nearly 48.4% of Binance-listed altcoins have fallen back below their 200-day moving average as of October 18, up sharply from under 10% in early October, signaling a broad loss of altcoin momentum. Blockchaincenter's 90-day Altcoin Season Index remains neutral at 51, but its 30-day Altcoin Month Index has dropped to 29, approaching the 25 threshold that marks Bitcoin dominance. Traders would read this as capital rotating out of altcoins and into Bitcoin, raising the risk of further altcoin drawdowns while BTC dominance climbs.
