The next such run could take a while to materialize, but will leave telltale signs.An alt season is when the market capitalization of altcoins multiplies. Given how capital rotation is believed to work in the crypto space, this usually does not last more than a few months.The altcoin season index reached above 75 in early 2024. The halving event saw the index oscillate to the 25 value to reflect Bitcoin season- but in reality, altcoins lost a lot more value than Bitcoin in the past month.
The USDTD trending downward is a good sign because it denotes investors assuming risk and exchanging stablecoin for crypto assets.Therefore, in an altseason, we want a strong downtrend. The Directional Movement Index on the 3-day chart showed that a downtrend was in play from late October to early April.
AMBCrypto’s analysis of CryptoQuant data showed that the buying power was climbing higher since mid-October. The exchange reserve of stablecoins is a reflection of the buying power in the crypto market.
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