- Altcoin Season Index remains at 18, deep in Bitcoin Season territory.
- A recent low of 13 was recorded on March 12.
- Altcoin market cap shows no significant recovery versus Bitcoin.
The altcoin market has not shown much of a revival despite growing excitement around institutional inflows by way of ETF approvals.
According to CoinMarketCap’s Altcoin Season Index, the current score stands at 18/100, placing the market firmly in “Bitcoin Season.”
Understanding the Altcoin Season Index
This key metric tracks whether the top 100 altcoins (excluding stablecoins and wrapped tokens) have collectively outperformed Bitcoin over the preceding 90 days.
A score above 75 historically signals a true “Altcoin Season,” a period characterized by significant capital rotation from Bitcoin into higher-beta altcoins as investors chase greater short-term returns. Such seasons typically feature parabolic altcoin price surges, amplified social media hype, and increased retail participation.
Related: Crypto Christopher: These 5 Altcoins Show Strong Pre-Bull Run Signs
Current Market State: Bitcoin Dominance Persists
But recent readings have remained consistently low; yesterday’s score was 14, down four points from today, last week’s was 15, and last month’s was only marginally higher at 16. Based on the 90-day timeframe, the lowest was recorded at 13 on March 12. This proves that we’re still in a Bitcoin-dominant phase, but experts predict the middle of 2025 will be an altcoin run, a year after the 2024 Bitcoin halving.
Related: Bitcoin Dominance Reaches New Cycle Peak as Altcoins Fail to Keep Up
Trading volume and market capitalization are two key indicators that will play a major role. Rising altcoin trading volumes, compared to stablecoins and Bitcoin, would indicate the influx of new capital into the market. “Memecoins like Dogecoin and newer tokens like SUI have already shown significant growth, but for a true altseason, growth should be seen across all sectors”, noted SuperDuperCycle, a crypto influencer.
“While these don’t guarantee a record-breaking altseason, they have recently been stacking up. If Bitcoin stabilizes and doesn’t crash, altcoins are likely to start the next market wave.”
Still, there are some signs of divergence beginning to emerge, particularly in AI- and RWA-themed tokens, though not enough to favour the altcoins index. Until altcoins consistently outperform BTC across the top 100 list, the Altcoin Season Index is unlikely to flip bullish anytime soon.
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