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Altcoins in a coma: what does the fall of the season index to 17 mean?
The altcoin market is experiencing a real trust crisis. According to CoinMarketCap, the altcoin season index fell to 17 (on December 21), while the weekly average remains at 21. This indicates that out of the hundred largest altcoins by market cap, only 17 have managed to outperform Bitcoin in the last 90 days. For comparison: in September, the index reached 78 – the difference is simply staggering.
What is this index and why is its decline so concerning? The altcoin season index reflects the relative strength of altcoins against the dominant Bitcoin. The lower the figure, the weaker the entire altcoin segment appears against the main cryptocurrency. The current value of 17 is almost a collapse. Such figures correlate with the fear and greed index, which is also showing a cautious market sentiment right now.
The simple truth: as long as Bitcoin cuts itself and maintains its positions, altcoins remain subordinate. Only every sixth token in the top 100 has shown better dynamics than BTC. This is not just statistics – it reflects traders’ sentiment, who, in times of uncertainty, prefer the risk-free option with Bitcoin.
The market is clearly waiting for signals of change. But there are none yet.