Altcoin charts are displaying bullish setups, but market data does not yet show a major rotation of capital into these assets. On November 4, the Altcoin Season Index stood at 39, well below the threshold of 75 generally associated with an altseason. Technical indicators for Bitcoin and Ethereum dominance nevertheless suggest a possible shift in favor of altcoins. The article also examines total market capitalization and stablecoin data to assess how strong this signal is.
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