Altcoin Debate Deepens as Fear & Greed Hits 11 and Season Index Holds at 38
Crypto market sentiment remains heavily risk-off, with the Fear & Greed Index at 11 and the Altcoin Season Index at 38, signaling continued "Bitcoin Season" conditions. Data cited in the report says more than 36 million tokens exist and about 40% of altcoins are at or near all-time lows, while cumulative selling pressure has reached $209 billion over 13 months. Attention this weekend is described as concentrating on ETH, SOL, BTC and USDC as traders narrow focus to larger, more established networks.