The cryptocurrency market is in a consolidation phase, with the Altcoin Season Index at 29/100, entering the Bitcoin Season zone, indicating a halt in capital inflow into altcoins. The Cryptocurrency Fear and Greed Index is at 34, suggesting the market sentiment is "fear," and traders are in a cautious risk-off stage. Current data shows that a Bitcoin-dominated market pattern is forming, with funds tending to view Bitcoin as a defensive asset, while altcoins face short-term resistance, characterized by individual tokens experiencing isolated gains rather than an overall rally.
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The cryptocurrency market is in a consolidation phase, with the Altcoin Season Index at 29/100, entering the Bitcoin Season zone, indicating a halt in capital inflow into altcoins. The Cryptocurrency Fear and Greed Index is at 34, suggesting the market sentiment is "fear," and traders are in a cautious risk-off stage. Current data shows that a Bitcoin-dominated market pattern is forming, with funds tending to view Bitcoin as a defensive asset, while altcoins face short-term resistance, characterized by individual tokens experiencing isolated gains rather than an overall rally.