Altcoin Season Index Remains at 46, Sideways Movement Continues

The Altcoin Season Index (ASI) remains unchanged at 46 as of 9:30 AM KST on [today's date]. This indicates that the market remains balanced between Bitcoin (BTC) and altcoins, with neither showing significant dominance. The ASI measures the relative strength of altcoins against BTC by comparing the price changes of the top 100 coins (excluding stablecoins and wrapped coins) to BTC over the past 90 days. When 75% or more of these coins outperform BTC, the index is considered to be in altcoin season. Conversely, when the index falls below 25, it signals a Bitcoin season. The current ASI reading of 46 suggests that both altcoins and BTC are experiencing moderate gains. This balanced market condition can be attractive to investors looking to diversify their portfolios. However, it is important to note that the ASI is a backward-looking indicator, and future market conditions can change quickly. Investors should always conduct thorough research and consider their individual risk tolerance before making investment decisions.