Deribit Chief Commercial Officer: The Altcoin Index 44 is far below the key level of 75, and macroeconomic factors are still not enough to start the Altcoin season

Jean-David Péquignot, Chief Commercial Officer of Deribit, stated that accommodative central bank policies could indeed increase market liquidity and drive speculative inflows into risky assets. However, the market currently lacks sufficient trading volume and broad-based growth momentum. Ethereum's recent price increase relative to Bitcoin is seen as a potential signal of a market shift, but it is not yet sufficient to trigger a full-blown altcoin season. Furthermore, the CoinMarketCap Altcoin Season Index, currently at 44, is well below the critical level of 75. Bitcoin's market dominance remains at 58%, maintaining its central position in the crypto market.