Lead
The Altcoin Season Index has dropped to 39, indicating it is currently not altcoin season. Over the past 90 days, performance across the top 50 cryptocurrencies has been mixed, with many altcoins lagging behind Bitcoin.
Key Reading and What It Means
- Current Altcoin Season Index: 39
- Status: It is not Altcoin Season
- Period analyzed: Last 90 days for top 50 cryptocurrencies
An index level of 39 sits below the commonly cited threshold for altcoin season (typically near 75), suggesting that Bitcoin continues to outperform a majority of major altcoins on a relative basis.
How the Index Works
The Altcoin Season Index gauges whether a broad set of altcoins are outperforming Bitcoin over a rolling 90-day window. Readings:
- Higher scores imply widespread altcoin outperformance
- Lower scores indicate Bitcoin dominance over altcoins
The dashboard also tracks historical context, including a timeline chart from 2017 to the present, and supplementary indicators such as "Days since last Altcoin Season" and average durations spent in and out of altcoin season.
Market Context
Recent charts show a split in the top 50 cryptocurrency returns over the last quarter, with both notable gains and losses among individual assets. The aggregate signal, however, points to Bitcoin holding the upper hand versus most altcoins during this period.
Looking Ahead
Traders often watch for a sustained rise in the index toward the altcoin season threshold to signal a broader rotation into altcoins. Until then, the current reading near 39 supports a market backdrop where Bitcoin continues to lead.