Deep Tide TechFlow news, on December 11, according to CryptoSlate, VanEck's Head of Digital Asset Research Matthew Sigel's latest research shows that the altcoin season index has surged 53% in the past 30 days, reaching 63 points. This index is calculated by tracking the performance of the top 50 cryptocurrencies by market cap relative to Bitcoin over a 90-day period, and is considered 'altcoin season' when 75% of tokens (excluding stablecoins and asset-backed cryptocurrencies) outperform Bitcoin.
Historical data shows that when this index surpasses 60 points, Bitcoin's average increases over the next 1 month, 3 months, and 6 months are 10%, 30%, and 73%, respectively. Sigel explains that Bitcoin price increases often drive altcoin rallies, and this feedback loop continues until the cryptocurrency market peaks.
