Everyone yelling ‘altseason’ is early. This chart is the reality check.
Yellow = BTC price
Green = total crypto market cap
Thin lines = market cap of Top 10 / Top 50 / Top 100 alts
Most of the move up this cycle, green has just followed yellow.
BTC did the heavy lifting, alts came along for the ride.
We only had a short window where green really pulled away from yellow – that was the mini-alt impulse. Since then, both rolled over and the smaller caps (Top 50 / 100) have been bleeding harder. Classic risk-off inside a bull trend: money hiding in BTC + a few strong names.
> What this means going
Yellow = BTC price
Green = total crypto market cap
Thin lines = market cap of Top 10 / Top 50 / Top 100 alts
Most of the move up this cycle, green has just followed yellow.
BTC did the heavy lifting, alts came along for the ride.
We only had a short window where green really pulled away from yellow – that was the mini-alt impulse. Since then, both rolled over and the smaller caps (Top 50 / 100) have been bleeding harder. Classic risk-off inside a bull trend: money hiding in BTC + a few strong names.
> What this means going
BTC-2.24%






