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Just checked the altcoin season index and it's sitting at 37 right now. For those not familiar, this metric tracks how the top 100 altcoins are performing against Bitcoin over a 90-day period. Basically, when this altcoin season index hits above 75, that's when alts really start pumping compared to BTC.
Right now though? We're nowhere near that. At 37, it's pretty clear Bitcoin is still the main show. Altcoins aren't making significant moves relative to BTC, so we're definitely not in an altcoin season yet. The market's still very Bitcoin-focused.
Worth keeping an eye on this altcoin season index if you're an alt trader. When it starts moving up toward that 75 threshold, that's when things could get interesting for the alt market.