Krutika Adani
Amid expectations of an alt season, Ethereum has crashed 33% over the week, pushing the alt season even further.
As every bull run has been followed by an alt season, we expect this bull run’s alt season to arrive a little later.
An effective way to reap profits in alt season is to buy them when they are undervalued. This period of undervalued altcoins happens during a peak Bitcoin season, which we are witnessing now.
The index has values from 1 to 100. A value closer to 0 (<25) indicates a stronger Bitcoin season, while a value closer to 100 (>75) indicates an alt season.
When the Bitcoin season is at its peak, it is best to buy altcoins at relatively cheaper prices, and when the altcoin seems to be at its peak, it is the best time to book profits.