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:

Crypto Sentiment Rises from the Deepest Point

The crypto market is starting to show signs of major change. After being stuck in “Extreme Fear” levels for 18 days, investor sentiment has finally started to rise, while the Altcoin Season Index from leading platforms reinforces that the market is still in “Bitcoin Season”.

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 November, a month that has historically been the best for Bitcoin, the market is instead engulfed in fear.

Some analysts pay special attention to this condition:

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

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

Altcoin Still Lagging: 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 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 channeled significant capital into altcoins.

Bitcoin Valued “Mispriced” by the Market

According to André Dragosch, Head of Research at Bitwise Europe, 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 has the potential to 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 stalemate and start the next big rise.