Altcoin Cycle Signal Flips to Favor Altcoins Over Bitcoin

A proprietary metric from Glassnode has delivered a new 'altcoin season' signal this week on the back of recent crypto market upside.

The Altcoin Cycle Signal, which compares the market cap of the 250 largest cryptocurrencies relative to Bitcoin, measured 81.25 on its normalized scale from 0-100 as of Monday.

This signals a period when altcoins outperform Bitcoin in combined market-cap growth, with altcoin season referring to periods where this happens.

The seven-day rolling mean value of the Altcoin Cycle Signal has been steadily increasing since August, indicating growing strength among altcoins.