Bitcoin outperforms altcoins in performance indicators
"Altcoin season started on November 27"
The research team led by Matthew Sigel at Van Eck predicted that the Altcoin season, in which funds that had flowed into Bitcoin (BTC) once surged, would flow into Altcoins, causing Altcoins to rise.
The Van Eck research team claimed that the Altcoin season has already started from November 27, and its performance will now be revealed. The indicator pointed out by the Van Eck research team is the 'Altcoin Season Indicator', which represents the performance of Altcoins compared to Bitcoin.
The Van Eck research team explained that the Altcoin season begins when the number of Altcoins that outperform Bitcoin in terms of liquidity and trading volume accounts for about 60% of the top 50 cryptocurrencies by market capitalization over a 90-day period. The research report attached the Altcoin Season Indicator and claimed that the Altcoin season has already started from November 27.
The Van Eck research team said that the current Altcoin Season Indicator has exceeded 0.8, surpassing the Altcoin season start indicator of 0.6, indicating that the bullish trend in the cryptocurrency market is shifting to Altcoins.
The outlook of the Van Eck research team is drawing great attention from the market and outside, as it was announced amid the recent poor performance of Altcoins. After Bitcoin set a new high on the 17th, Altcoins have also been on a downward trend. As of the 26th, major Altcoins have recorded an average decline of about 15% compared to the 17th.





