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Altcoin season hits its historical low levels while the global liquidity index (GLI) is on the rise, signalling new capital in the market. With altcoins gaining momentum, is altseason about to kick in?
Days after the tariff-fuelled crypto market crash, Bitcoin and altcoins have made notable recovery efforts. The altcoin sentiment has hit rock bottom on the charts. Despite this, the technical setup tells a historical story, one that has left the market wondering whether altcoins are on the verge of rebounding.
Looking at the chart, the market season is at level 18, a historical support level from which the shift to altcoin season sentiment begins. The global liquidity index is rising as countries print more money and implement pro-crypto policies.
As disposable capital becomes available due to the cooling trade war, investors could shift this liquidity into riskier assets. Altcoins could be considered in a bid to diversify their crypto portfolios for higher returns.
