TechFlow news, on December 11, according to CryptoSlate, Matthew Sigel, VanEck's head of digital asset research, reported that the Altcoin Season Index has surged by 53% over the past 30 days, reaching 63 points. The index measures the performance of the top 50 cryptocurrencies by market capitalization against Bitcoin over a 90-day period, and an "alt season" is considered to occur when 75% of these tokens (excluding stablecoins and asset-backed cryptocurrencies) outperform Bitcoin.
Historical data shows that when the index surpasses 60 points, Bitcoin’s average gains over the following 1 month, 3 months, and 6 months are 10%, 30%, and 73% respectively. Sigel explained that rising Bitcoin prices tend to drive altcoin gains, creating a feedback loop that continues until the crypto market reaches its peak.
