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Bitcoin Price Analysis: A Massive Move Is Brewing—Breakout or Breakdown Ahead?

Bitcoin currently trades at $97,821 to $98,313 over the last hour, boasting a $1.96 trillion market valuation and $54.21 billion in daily activity, oscillating between $96,147 and $100,760 today. It lingers 9.2% shy of its historic peak, a threshold tantalizingly close yet just out of immediate reach. Bitcoin Bitcoin‘s daily price action paints a tempestuous CoinTurk News

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Altcoin Season Index Falls to 38, Confirming Bitcoin Season

Crypto Market in Bitcoin Season as Altcoin Season Index Falls to 38 The Altcoin Season Index , tracked by CoinMarketCap (CMC) , fell to 38 at 00:30 UTC on February 5 , down one point from the previous day . This confirms that the market remains in Bitcoin Season , as altcoins continue to underperform BTC over the last 90 days. Altcoin Season Index Breakdown: Altcoin Season (Above 75): 75% or more of the top 100 altcoins must outperform Bitcoin . Bitcoin Season (Below 25): 25% or fewer of altcoins outperform BTC, strengthening Bitcoin’s dominance. Current Index at 38: The market is Bitcoin-dominated , but not at extreme levels. With altcoins struggling to gain traction , Bitcoin continues to dictate market trends . Why Is Bitcoin Season Continuing? 1. Bitcoin ETFs Attract Institutional Investors Spot Bitcoin ETFs are absorbing most institutional capital , reducing demand for altcoins. Bitcoin dominance remains strong , preventing an altcoin breakout. 2. Macroeconomic Uncertainty Keeping Investors Cautious U.S.-China trade tensions and global economic concerns are making investors risk-averse. Traders are sticking to BTC as a safe-haven asset , avoiding riskier altcoins. 3. Market Cycles Favor Bitcoin Before Altcoin Rallies Historically, altcoin seasons follow Bitcoin’s major price moves . If BTC stabilizes or retraces, capital may rotate into altcoins . Will Altcoin Season Return Soon? Bullish Case: If Bitcoin price consolidates , capital could flow into altcoins . Upcoming Ethereum upgrades (like Dencun ) may boost ETH and DeFi projects . Layer 1 and AI tokens could drive new altcoin narratives . Bearish Case: Continued Bitcoin dominance may delay altcoin breakouts . Macroeconomic instability could keep investors risk-averse. If altcoins fail to show strong performance , Bitcoin Season may extend further . Conclusion The Altcoin Season Index dropping to 38 confirms that Bitcoin Season is still in play , with BTC continuing to dominate the market. Altcoins remain under pressure , but a shift could occur if Bitcoin stabilizes and investors rotate capital into altcoin projects . Until then, altcoin traders should remain cautious and watch Bitcoin’s price action closely . Stay updated on crypto market trends and altcoin performance with our latest insights . CoinTurk News