Crypto Market Loses $85 Billion in Five Days — Altcoin Season Index Rises to 53
The crypto market has shed approximately $85 billion since July 21 as traders take profits and brace for potential liquidation events. Interestingly, the Altcoin Season Index climbed from 51 to 53, signaling that altcoins are gaining relative strength against Bitcoin despite the broader decline. However, stablecoin supply has remained flat, indicating no fresh capital is entering the market. The Fear & Greed Index sits at 35, reflecting caution among investors. Major altcoins like Polkadot, DeXe, LayerZero, and BEAT are leading the rotation as capital shifts sectors amid broader crypto weakness.
Risk reminder: Until stablecoin inflows exceed $1 billion, the market is likely to stay muted.
