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I took a look at CoinMarketCap's Altcoin Season Index and we're at 37.
For those who don't know, when this number exceeds 75, it means altcoins are having a true positive season, meaning they are outperforming Bitcoin.
Now is not the case.
The index looks at how the top 100 cryptocurrencies have performed over the last 90 days, excluding stablecoins and wrapped tokens, always in comparison to Bitcoin.
With 37, the message is clear: Bitcoin continues to dominate and altcoins are not making big numbers in comparison.
It means that currently the market is still oriented towards Bitcoin, and altcoins don't have the space they would in a true season.
Interesting to monitor to understand when the dynamic will change.