Just checked the altcoin season index and it's sitting at 38 right now. For those not familiar, this metric basically tracks how the top 100 alts are performing against Bitcoin over the last 90 days, excluding stables and wrapped tokens. The lower this altcoin season index goes, the more it signals that Bitcoin is just eating up the market compared to everything else. At 38, we're looking at a pretty weak altcoin season index reading, which means most altcoins are lagging behind BTC pretty hard at the moment. Not exactly the environment you want to see if you're holding a heavy alt portfolio.

BTC-1.64%
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