Is Altseason Starting? What the Charts and Market Data Show
Bullish strength: 40/100
- Bitcoin dominance faced a third rejection at a descending trendline, potentially signaling weakening Bitcoin market-share momentum.
- ETH/BTC closed October above a multi-month trendline.
- Altcoin dominance continues to hold a key support level.
- Retail interest in altseason has dropped sharply, potentially providing a contrarian bullish signal.
Bearish strength: 60/100
- Altcoin Season Index remains at 39, well below the 75 altseason threshold.
- TOTAL3 declined 1.05% to $734 billion on November 4.
- TOTAL3 has formed lower highs since exceeding $850 billion in late September.
- USDT dominance increased to 6.993% from approximately 6.4% in early October, suggesting capital remains defensive.
- ETH/BTC still needs to break key resistance to confirm its bullish trend.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.