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The crypto market may be inching closer to altseason, as indicated by the latest reading from the Bitcoin Market Performance & Altcoin Spread oscillator.
Currently sitting at 38%, the composite indicator is just 12 percentage points away from signaling the start of a full-fledged altcoin rally.
What Is the Oscillator Telling Us?
This oscillator evaluates how altcoins—specifically Ethereum (ETH) and Solana (SOL)—are performing relative to Bitcoin (BTC) in terms of total returns. By tracking this performance spread alongside BTC dominance, analysts can identify key moments when capital rotation begins favoring altcoins.
Green dots on the chart represent past moments when the oscillator broke above the 50% mark, historically aligning with strong altcoin performance phases.
The 30-day moving average of the oscillator smooths out volatility, offering clearer trend confirmation.
Why 50% Matters
Crossing the 50% threshold signals a structural shift in market sentiment and fund flow—from Bitcoin to altcoins. Historically, this has led to rapid price expansion across the altcoin sector, often referred to as “altseason.”
With the oscillator nearing that tipping point, the next few weeks could prove pivotal for traders watching for early entry opportunities into altcoin positions.
What’s Next?
Should the oscillator climb above 50%, it would confirm the onset of altseason—potentially marking a lucrative period for ETH, SOL, and broader altcoin investments.
For now, watch the 50% line. Until it breaks, the market remains in a transitional phase. But once it does, the rotation into altcoins could accelerate quickly.
The post Altseason Countdown: Altcoin Oscillator Hits 38%, Nearing Key Bull Threshold appeared first on Coindoo.
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