History of Previous Alt Seasons
To fully understand the altcoin market cycles, it is necessary to consider in detail the metric of Bitcoin dominance. Indeed, to understand the future, it is essential to study the past. The main sign of the alt season is a drop in the Bitcoin dominance index. For those who may not know, the dominance of Bitcoin is a percentage that measures the share of Bitcoin in the capitalization of the entire cryptocurrency market. While bitcoin dominance is not an ideal indicator, it helps to analyze the macro market.
To fully understand the altcoin market cycles, it is necessary to consider in detail the metric of Bitcoin dominance. Indeed, to understand the future, it is essential to study the past. The main sign of the alt season is a drop in the Bitcoin dominance index. For those who may not know, the dominance of Bitcoin is a percentage that measures the share of Bitcoin in the capitalization of the entire cryptocurrency market. While bitcoin dominance is not an ideal indicator, it helps to analyze the macro market.