#news_update The last few hours have witnessed a brutal market crash that has turned everything upside down. Altcoins were hit hard, losing between 40% and 60% of their value, while the largest cryptocurrency fell by around 15%. But is this the end? Of course notโitโs just the beginning. The current situation is laying the groundwork for a strong Altcoin Season. Capital that has been flowing out of the largest cryptocurrency is now looking for faster returns, and after a major correction like this, altcoins are poised for a strong rebound.
Why Altcoins Are Poised for a Rebound?
The Altcoin Season Index has clearly shifted in favor of the largest cryptocurrency during the crash, as it dragged the entire market down with it. However, while their losses were more controlled, altcoins faced severe selling. In the coming days, altcoins are poised to recover their losses, possibly surpassing the largest cryptocurrency in percentage terms. This shift will affect the Altcoin Season Index, benefiting altcoins and weakening the dominance of the largest cryptocurrency.