I just checked the altcoin season index and it’s still at 25, which basically means Bitcoin is still dominating everything. Of the top 100 altcoins, less than a quarter are outperforming BTC in the last 90 days. That’s a pretty low number compared to what’s needed to declare a true altcoin season (which would be 75 or more).

What’s interesting is that this has happened before. I remember that at the end of 2020, the index was that low, and then everything exploded in early 2021. It seems that capital consolidates in Bitcoin during these uncertain phases, especially with all the institutional adoption through ETFs. Once Bitcoin stabilizes, people start looking for higher returns, and that’s when money shifts into altcoins. The altcoin season index acts as that thermometer telling you what phase we’re in.

For now, it looks like we’re in the early stages, so it makes sense to be selective. If the altcoin season index remains low, it’s a good time to identify projects with real fundamentals versus those just riding hype. When the change finally comes, at least you’ll know what you’re getting into.