I just noticed that the Altcoin Season Index is currently at 24 – this means altcoins have fallen significantly behind Bitcoin over the past 3 months. It’s not altcoin season anymore, it seems. According to data, to be considered altcoin season, at least 75% of the top 100 coins need to perform better than Bitcoin. But the current conditions are far from that. Bitcoin itself has dropped 3.5% in a week, but altcoins are doing even worse. It looks like Bitcoin’s dominance in the market is still very strong. So those waiting for an altcoin momentum might need to be patient, because this indicator clearly shows Bitcoin is still the king. Interesting times for market watching.