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Just checked the Altcoin Season Index and it's sitting at 48 right now. For those who follow alt coin news, you probably know the magic number is 75 before we can really call it an altcoin season. So we're still pretty far off from that threshold.
The index basically tracks how the top 100 coins are doing against Bitcoin over the last 90 days (minus stablecoins and wrapped tokens obviously). It's a decent pulse check on whether alts are actually outperforming or if we're still in a BTC-dominated market.
With the index this low, it's telling me we're not quite in full alt coin news territory yet. Most of the momentum is still flowing into Bitcoin. Guess we'll have to wait and see if this changes in the coming weeks.