BlockBeats News, June 23rd, Glassnode announced that the Altcoin Cycle Signal has re-entered the "Altcoin Season" range. Typically, Altcoin Season signifies a period when altcoins surge while Bitcoin maintains its strength, but this time is slightly different.

After experiencing nearly two years of continuous selling pressure, the altcoin market sell-off is gradually drying up, while Bitcoin has seen a significant pullback. Currently, the signal's reentry into the Altcoin Season range is mainly driven by Bitcoin's weakness rather than a broad-based rally in altcoins.