Crypto market sentiment has shifted to Fear, with investors avoiding obscure altcoins and focusing on major assets like Bitcoin, Ether, and XRP. Traders are cautious amid calls for an altcoin season, but analysts say it may not arrive until more crypto ETFs launch later this year. Bitcoin’s price remains uncertain.

The Crypto Fear & Greed Index moved into Fear territory on Sunday, with a score of 44 after two days of Neutral readings. Traders are unsure about the direction of major cap assets, with some predicting a drop in Bitcoin’s price to cause panic. Bitcoin is down 5.38% this month, while Ether is up 9.44%.

CoinMarketCap’s Altcoin Season Index currently shows an Altcoin Season score of 56 out of 100, indicating a shift towards altcoins. Traders believe this is the final shakeout for altcoins, with some saying they are undervalued. The market is still moving down the risk curve, according to other indicators.

Read more at CoinTelegraph: Crypto Sentiment Shifts To Fear As Altcoin Interest Wanes