Bang! Bang! The shots rang out in Utah. American conservative activist Charlie Kirk fell to the ground, pronounced dead moments later. But before his body even touched the pavement, opportunists were already exploiting his name. Scammers rushed in, launching pump-and-dump schemes under banners like “Justice for Charlie”, pocketing profits off chaos and grief.
Lesson : life can flip in an instant—sometimes for the worse, sometimes for the better. Crypto is no different. One second you’re on the sidelines, the next you’re in the thick of it. And now, the moment the entire crypto community has awaited with bated breath has arrived: altseason is here.
This is your chance. Make smart moves. Seize the momentum. Because just like life, in crypto the next second can change everything.
This week’s wrap up is not about any specific token or coin but it is about the crypto market as a whole.
Altseason just kicked off
In the crypto arena a major tectonic plate shifted, and it is not measured in Richter scale but in ASI (Altcoin Season Index).The Altcoin Season Index which gauges the market sentiment crossed the 75 mark on its scale and hit 80. This marked the arrival of the most awaited altcoin season.
80 on the ASI scale says that more than 75% of the top 50 altcoins have outperformed Bitcoin for the past 90 days.
Bitcoin dominance falls hard
Bitcoin dominance is another parameter that the crypto community checks to gauge what’s happening in the market. Bitcoin dominance, which is the Bitcoin market cap as a ratio against the aggregate of the whole market cap, which basically means, how much of the market cap is possessed by Bitcoin. This figure dropped to 56% from last week’s 58%.
The falling Bitcoin dominance is another indication of the altcoins season. This is just not any fall but its fall that has changed the whole Bitcoin dominance uptrend.
Fear and Greed Index- neutral
The Fear and Greed Index gives an overall view about the behavior of investors. 52 on its scale shows that the market sentiment is neutral. We are still in the very early phase of the altseason and the selling pressure has cooled. However, we are not in the extreme greed zone where traders go on a buying frenzy. There is room for the sentiment to heat up in the coming days. When the ASI moves higher, the Fear and Greed Index will shoot up.
Total crypto market cap crosses $4 trillion
The total crypto market cap crossed above the $4 trillion level after quite some time. A rising total cap usually means fresh capital inflows into crypto, not just price rotations between coins.This is a bullish signal, as it suggests the ecosystem is expanding rather than simply reshuffling.
It also indicates a wider market confidence, and growing investor confidence in crypto as an asset class. Institutions, retail, and even governments adding exposure.
$250K set for Bitcoin
Bitcoin is trading inside a symmetrical triangle pattern. It was just about to touch the upper trendline of the triangle before the bears stopped its progress. However, since the market is not overbought according to the Relative Strength Index indicator, there is more bandwidth for BTC to continue its motion to make a new lower high along the upper trendline.
Once Bitcoin breaks out, the prices will continue to rise and will reach above $125K, in the short term. A Bitcoin insight platform stated that BTC could reach as high as $250K.
Ethereum targets $5,500
Ethereum trades in the Adam and Eve pattern as shown in the above Tweet. Crypto investor who goes by the pseudonym Titans of Crypto stated that a breakout could send it toward $5,500.
What to expect?
The ASI will go further in the altcoin season territory. When the ASI creeps higher, one would expect the prices of all altcoins to increase. However, we need to establish that we are still early in the altseason.
The Fear and Greed Index, which is neutral, tells us the market is still in its early stages. During the next week, the Fear and Greed index may reach higher values as investors become increasingly greedy, driven by a heightened appetite for profitsw.
Don’t forget there will be an excess supply of money (M2) in the market after the Federal Reserve cuts interest rates. Borrowing loans will be cheap and investors will be inclined to invest in risky assets, pushing the Fear and Greed Index into the Extreme Greed zone.
Another factor that says we are still in early altseason is the total market cap. It just crossed above $4 trillion. According to crypto trader, who is known on X, as Merlijn The Trader, the cycle will end when the total crypto market cap hits $5.35 trillion. The trader wrote, “$5.35T is the ceiling. Above it? The structure collapses into oblivion”
In terms of time, a crypto netizen expects the altseason to continue until December. “Alt season is here, will end theoretically end of Oct -Mid Dec. I’m guessing pump into Nov then correction then final pump early Dec and it’s done.” So you gotta roll your sleeves up and get ready to make the most when the opportunity presents itself.
