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Just checked the Altcoin Season Index and it's sitting at 38 right now. For those wondering is it altcoin season, this number tells you a lot. The index basically tracks how the top 100 cryptos (minus stablecoins) are doing against Bitcoin over the past 90 days, and a reading this low means Bitcoin's been crushing most altcoins lately.
So if you're asking is it altcoin season, the short answer is no, not really. When the index is this low, it's actually a sign that Bitcoin is outperforming the majority of alts in the market. We're more in a Bitcoin-dominant phase right now. That said, these things can flip pretty quick, so worth keeping an eye on where this moves next if you're trying to time the altcoin season.