We are currently in a period where some of Bitcoin's capital is migrating to Altcoins in the short term. In 70% of cases, this has had a negative impact on Bitcoin's price.

Over the past 90 days, only 6 out of 61 Altcoins have outperformed Bitcoin, representing just 9% of the total analyzed.

In the last 14 days, the variation appears to be even more interesting: every two weeks, Altcoins have shown a higher upward movement than Bitcoin.

In the short term, analyzing a 1-hour timeframe with a 90-hour moving window, we observe that when Altcoins significantly outperform Bitcoin, it usually signals a potential market downturn. In other words, the Altcoin rally tends to be short-lived and is typically an indicator of risk and price correction for both Bitcoin and Altcoins in general.

Twitter (X): @Alphractal