Just checked the Altcoin Season Index and it's sitting at 43 now, down 1 point from yesterday. For those not familiar, CoinMarketCap uses this to track when altcoin season is actually happening - basically when 75% of the top 100 cryptos (excluding stablecoins and wrapped tokens) are beating Bitcoin's returns over the past 90 days.



We're still pretty far from a real altcoin season at this level. The index has been hovering in this range for a while, which tells me alts are still lagging. Most traders are probably still playing it safe with Bitcoin dominance.

Keeping an eye on whether altcoin season momentum picks up or if we stay in this holding pattern. The index is a decent reality check when everyone's talking about alt rallies.
BTC-0.22%
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