Altcoin Index Plummets! Is This an Early Sign of a Bitcoin Price Explosion?

Source: TokocryptoBlog Original Title: Altcoin Index Plummets! Is This the Early Sign of a Bitcoin Price Explosion? Original Link: https://news.tokocrypto.com/indeks-altcoin-anjlok-apakah-ini-tanda-awal-ledakan-harga-bitcoin/ The crypto market is starting to show signs of significant change. After being stuck in “Extreme Fear” for 18 days, investor sentiment has finally begun to rise, while CoinMarketCap's Altcoin Season Index emphasizes that the market is still in “Bitcoin Season”.

Crypto Sentiment Rises from the Deepest Point

The Crypto Fear & Greed Index recorded a score of 28 (Fear) on Saturday, marking the first time since November 10 that the index has not been in the Extreme Fear zone.

For almost the entire month of November, a month that has historically been the best for Bitcoin, the market has been engulfed in fear.

Some analysts pay special attention to this condition:

• Matthew Hyland (15 Nov): Sentiment is at “the most extreme fear level throughout the cycle”.
• Crypto Seth (23 Nov): “Extreme Fear is underestimated.”
• However, trader Nicola Duke emphasizes that whenever the index is in the extreme zone, such conditions often indicate the formation of a local bottom for Bitcoin.

Santiment, a crypto analytics platform, also noted signs of recovery. Bitcoin is approaching the level of 92,000 dollars again and sentiment on social media shows a more bullish tendency.

Altcoin Still Lagging: CMC Altcoin Season Index Remains in Bitcoin Zone

Although sentiment is starting to improve, the crypto market is still moving in risk-off mode.

Data from CoinMarketCap through the Altcoin Season Index shows:

• Current score: 22/100 — Bitcoin Season
• Score yesterday: 21
• Last week's score: 25
• Last month's score: 31

This index measures whether more than 75% of the top 100 altcoins have been able to outperform Bitcoin in the last 90 days. With a low score, the market clearly still favors Bitcoin and has not funneled significant capital into altcoins.

Bitcoin Valued “Mispriced” by the Market

According to André Dragosch, Head of Research at a leading research firm, the current price of Bitcoin does not reflect the actual macro conditions. He believes that the rising expectations of a recession actually give Bitcoin significant potential.

“The last time I saw such an asymmetric risk-reward was during COVID,” said Dragosch.

What Does It Mean for Investors?

• Sentiment is starting to recover, but the market is not yet fully ready to take risks.
• Bitcoin is still leading, altcoins are still waiting for momentum.
• Historically, the Extreme Fear zone often marks a reversal point.
• If analysts are correct, Bitcoin could be the first asset to lead the next rally.

The market is entering a fragile yet opportunity-filled phase, with the main focus now on whether Bitcoin can break the deadlock and initiate the next major rally.