The Altcoin Run Is Giving Back Ground Fast as Bitcoin Dominance Climbs

Crypto Insight Summary: Nearly half of Binance-listed altcoins have dropped back below their 200-day moving average. That share reached 48.4% on October 18, up from under 10% in early October. Blockchaincenter’s 90-day Altcoin Season Index still reads a neutral 51. However, its 30-day Altcoin Month Index has dropped to 29, close to the 25 level that marks Bitcoin Crypto Insight Analysis: Direction: Bearish altcoins / Bullish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Altcoin weakness and rising BTC dominance indicate short-term capital rotation to Bitcoin.