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Just checked the altcoin season index on CoinMarketCap and it's sitting at 42 right now. For those unfamiliar, this index basically tracks how the top 100 cryptocurrencies (excluding stablecoins) are performing against Bitcoin over the last 90 days. Pretty straightforward metric.
Here's the thing though—the altcoin season index hits the threshold when 75% of these coins are outperforming BTC. At 42, we're nowhere near that level. Means the majority of alts are still lagging behind Bitcoin's performance. So if you were wondering whether we're in some kind of altcoin rally season, the data says not yet.
It's one of those moments where the market is clearly still Bitcoin-focused. Could change, but right now the altcoin season index tells you everything you need to know about where money is flowing.