Altcoin Season Delayed? Index Stuck at 22 as Bitcoin Dominates

- Altcoin Season Index Maintains 22 - Continuation of Bitcoin-Centric Capital Flow [Unblock Media] The Altcoin Season Index, which gauges the directional flow of capital within the virtual asset market, recorded an index of 22, the same as the previous day. This suggests that the market is still exhibiting a Bitcoin-centric trend. The Altcoin Season Index is an indicator that evaluates the performance of the top 100 cryptocurrencies by market capitalization (excluding stablecoins and wrapped coins) over the past 90 days, compared to Bitcoin. If over 75% of the top 100 coins have a higher appreciation rate than Bitcoin, the market is classified as being in an "altcoin season." Conversely, if the opposite is true, it is seen as a "Bitcoin season." A figure close to 100 indicates strength in altcoins, while a figure close to 0 indicates strength in Bitcoin. The current low index (22) signifies that capital within the market is concentrated in Bitcoin. Experts interpret this as a signal that investors perceive Bitcoin as a relatively safer asset. Recently, the approval of Bitcoin spot ETFs, increased institutional capital inflows, and global macro uncertainties have jointly brought the "digital gold" narrative of Bitcoin back into the spotlight. On the other hand, altcoins remain relatively weak, affected by regulatory uncertainties, slowed ecosystem growth, and high volatility. This trend recurs periodically depending on psychological factors in the cryptocurrency market, the speed of institutional adoption, and the state of technological developments. Market experts predict that an altcoin season could re-emerge if there is a decline in Bitcoin dominance, significant technical advancements in major altcoin projects, regulatory easing, and increased on-chain activity. Particularly, as seen in past cases, when the market shifts, altcoins may surge rapidly within a short period, so investors need to respond sensitively to changes in related indicators.