Lead
The Altcoin Season Index currently reads 47, indicating it is not altcoin season. The metric shows 347 days since the last altcoin season and 82 days since the last Bitcoin season, suggesting a mixed market where Bitcoin still maintains a performance edge over most large-cap altcoins.
What the Index Shows
The Altcoin Season Index tracks relative performance between the top cryptocurrencies and Bitcoin over a rolling period. By definition:
- It is considered Altcoin Season when 75% of the top 50 coins (excluding stablecoins and certain exceptions) have outperformed Bitcoin over the last 90 days.
- It is considered Bitcoin Season when 25% or fewer of the top 50 coins have outperformed Bitcoin in the same timeframe.
With the current reading at 47, the market sits near the neutral zone, but still short of the threshold that would confirm a broad-based altcoin outperformance cycle.
Key Developments
- Current Index: 47 — "It is not Altcoin Season!"
- Days since last Altcoin Season: 347
- Days since last Bitcoin Season: 82
These figures imply that while there have been periods of Bitcoin outperformance, the market has not transitioned into a clear altcoin-led phase. Historically, this index oscillates between "Bitcoin season" and "Altcoin season" as market leadership rotates, but the present reading suggests a lack of decisive momentum for altcoins across the board.
Why It Matters
A sub-50 reading typically indicates that Bitcoin has outperformed a majority of the top altcoins over the last 90 days. For market participants, this environment often corresponds with:
- Higher Bitcoin dominance and relatively muted altcoin breadth
- Selective altcoin strength rather than a broad market rally
- Greater sensitivity to macro and liquidity conditions for smaller-cap assets
Traders watching rotation patterns often use the index as a signal to assess whether to emphasize BTC exposure or take on broader altcoin risk. A sustained move above 75 would signal a potential shift toward a more widespread altcoin rally.
How to Track It
The Altcoin Season Index is publicly available and updated regularly. For the latest reading and methodology, visit the official dashboard: Altcoin Season Index.
Conclusion
With the Altcoin Season Index at 47, the crypto market remains outside altcoin season, reflecting ongoing relative strength in Bitcoin versus most top altcoins. A decisive break above 75 would be needed to confirm a broad altcoin rotation. Until then, conditions favor selective positioning and careful risk management across the altcoin market.