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Just checked the Altcoin Season Index and it's sitting at 38 right now. For those wondering if it's altcoin season yet, this metric basically tracks how the top 100 cryptos (minus stablecoins) are performing against Bitcoin over the last 90 days. Lower numbers mean Bitcoin's still dominating most of the alts.
So yeah, we're definitely not in full altcoin season territory at the moment. Bitcoin's still outpacing the majority of alternative coins by a pretty wide margin. The reading is telling us that if you're waiting for that classic altcoin season pump, we might need to wait a bit longer. These lower index values typically show up when BTC is on a stronger run than the broader altcoin market.
Keep an eye on this if you're trying to time when altcoin season actually kicks in. Once this index starts climbing significantly, that's usually when things get interesting for alt traders.