BTC Apex Index (58%) shows bitcoin in an opening phase, still above its historical peak areas of 45-54%, suggesting room for market growth.
Likewise, ETH Apex at 23% shows that Ethereum is also in an accumulation phase against bitcoin, far from its peak levels of 34-45%.
Altseason Index of 78% reveals that while altcoins are showing strength, we are not yet in the euphoric peak territory of 105-160%.
Taken together, these indicators suggest we are in a healthy accumulation phase in the broader crypto market, with significant upside potential before we reach historic peak levels. This data is consistent with traditional market cycle analysis, where accumulation phases typically precede major market moves. Keep watching these indices for potential changes in market dynamics!
Hashbeat Market Cycles - hashbeat.io