Bitcoin is outperforming 96% (48/50) of the top 50 alt coins. Bitcoin has not shown such incredible strength compared to alts since September 2019, which is over 1300 days ago

Bitcoin is outperforming all top 50 alt coins, except for 2, over a 90 day period. The last time Bitcoin showed so much strength relative to alts over a 90 day period was September 2019 - over 1300 days ago!

Explanation: The Altcoin Season Index quantifies the strength of Bitcoin vs. top alt coins on a scale of 0 to 100. A score of 0 means Bitcoin outperformed the 50 biggest altcoins over a 90 day period and a score of 100 means that Bitcoin was outperformed by the 50 biggest altcoins over a 90 day period. The score is now 4!

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https://preview.redd.it/ozvmcfnppfza1.png?1271&format=png&auto=webp&s=136429facd30ff8d1da0cef530c8e08691990c37

Some fun takeaways:

• In September 2019, when Bitcoin outperformed 96% and even 98% of the top 50 alts, the conditions were Similar. The 2018/2019 bear just ended as we had a pump off the lows followed by a relatively small correction.
• After Bitcoin outperformed the alts hard in 2019, we saw a bit more of a correction before further upside. Though COVID ruined the party back then as more downside followed.
• The worst performers: ALGO, APE, HBAR, APT.
• Only 7 alts are in the green, even though Bitcoin gained 18.5%.
• Conclusion: Bitcoin is the King! But we might see some room for the queen and princes to shine next.