Today, a friend saw that the alt season index reached 90 and asked if the alt season would not last long. Let's talk about it here. I won't talk too much. Although the alt season has risen sharply due to the rotation of sectors at this stage, we don't need to panic, because the alt season has just begun.
This indicator is based on the increase of the top 50 alts relative to BTC in the past 90 days. Note that it is the top 50. As we all know, the alt seasons with large market capitalizations are being hyped now, such as XRP ADA EOS XRP DOGE, etc.
There are still many alts that have not risen. Even if we don't consider other dealers, they will not allow it to be so hastily done, so don't worry, the market has just begun.
You don't need to panic until the coins in your hands soar. His alt index is actually not comprehensive and accurate. It should be meaningful to get the market capitalization TOP300-500.
Generally, the alt season lasts for more than 3-4 months, but it is less than 1 month at present.