The CEO and co-founder of Coinbureau, the crypto-education media company of Nic Puckrin, shared a “reality” view on Altseason. The former patriotic trade entrepreneur and prominent digital asset advocate highlighted three necessary conditions for the playoffs.
Altseason is still on the ice: What needs to be changed
Altseason defines a period of bullish cryptocurrency, and Altcoins has significantly outperformed Bitcoin. This is a fully expected event, as investors have the opportunity to make a lot of profits due to the smaller market capitalization of Altcoin compared to Bitcoin.
However, the potential for alternative seasons in the current bull cycle has been previously questioned, and analysts believe that the number of alternative to those in previous cycles has increased.
Promoting this argument, Puckrin pointed out that Altseason happened 320 days after the Bitcoin halving, a goal that was achieved after the last halving in April 2024. But Pukrin explains a season in the current bull cycle that can only happen after the development of three key signals.
First, analysts point out that Bitcoin’s advantage must be below 54%. Bitcoin advantage measures the share of BTC in the total crypto market. It represents the percentage of crypto investments in Bitcoin.
It is worth noting that a season only happened after the Bitcoin advantage began to decline, which suggests that investors are spinning their capital to Altcoins. NIC Puckrin explained that the Bitcoin advantage must stop rising and drop to a 54% threshold to confirm this rotation.
However, while this requires a fall in the case of BTC dominance, the coin board boss further pointed out that Bitcoin must exceed its current all-time high to induce altcoin market. However, major cryptocurrencies must achieve this feat without drawing all liquidity from the market.
It is worth noting that in previous cycles, the alternative token market rally was established in Bitcoin and then consolidated, which provided investors with room to transfer their liquidity to low-CAP speculative assets.
The final conditions for NIC Puckrin state that the U.S. Federal Reserve must stop all quantitative tightening (QT) measures and confirm lowered interest rates to counter interest rates above 4% above the current interest rate. By doing so, the Fed can induce market liquidity to rise, which is necessary for the playoffs.
Crypto Market Overview
At the time of writing, the cryptocurrency market has now recovered the $3 trillion mark after the bullish swing of the past week. Meanwhile, market trading volume fell 16.82% to a value of $68.83 billion.
It is worth noting that the Altcoin seasonal index is still 21 years old, which shows that Bitcoin still exceeds most of the alternative token market and there is no replacement yet. Historically, Altseasons occur when the index is above 75, suggesting that the transmountain population is based on a wide range of intensity.
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