Binance co-founder Changpeng Zhao (CZ) addressed the absence of an Altseason, noting that few altcoins have outperformed Bitcoin in recent months despite market optimism. The CoinMarketCap Altcoin Season Index shows a low score, indicating a tough ranking system. Some altcoins, including Monero and others, have outperformed BTC, but most have suffered declines.
Analysts like Michaël van de Poppe have observed negative performance on longer timeframes, while others suggest that although altcoins are near a bottom, a period of volatility remains. CryptoQuant's CEO, Ki Young Ju, claims a selective Altseason has begun, with trading volume as the defining metric rather than Bitcoin dominance.
Fonte: www.newsbtc.com ↗