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What is the Latest Situation of the Great Altcoin Bull in His Dreams? The CEO of the Analysis Company Shared the Latest Data and Their Expectations.
Crypto analysis firm Alphractal and the company’s CEO Joao Wedson made striking assessments regarding the current state of the market.
Wedson noted that the Altcoin Season Index has given opportunity signals. However, current data still indicates that we are in a Bitcoin-dominated period.
Wedson stated that the last 60 days of data indicate Bitcoin has outperformed altcoins. The CEO mentioned that this situation should not be interpreted as a negative development, saying, “This period when altcoins are still lagging could be an opportunity to accumulate.”
Wedson noted that altcoins have remained weak against BTC in the last 48 hours, stating, “However, history repeats itself; these cycles always recur, and a reaction movement may come soon.”
In the analysis conducted by Alphractal, it was stated that the Fear and Greed Index is at a level of 65, indicating that investor sentiment is still neutral or slightly optimistic.
The company announced that the Sharpe Ratio of Bitcoin has started to rise again alongside its price. This indicates that BTC’s risk-adjusted return has improved and that the uptrend is occurring on a healthier basis.
*This is not investment advice.
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