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I noticed an interesting signal in the market — the altcoin season index has dropped to 27. This is a metric from CoinMarketCap that tracks how the top 100 altcoins perform against Bitcoin over the past 90 days. When the index is above 75, it’s usually considered altcoin season. But right now, the picture is quite different.
The current level of 27 clearly indicates Bitcoin dominance. It means that fewer than 75% of altcoins have outperformed Bitcoin during this period. The market has clearly shifted towards the king coin. Apparently, strong Bitcoin performance, a general risk-off sentiment, and the lack of serious catalysts for altcoins are influencing this. A classic scenario where all attention is on the main coin.