Altcoin Season Index Hits 40 as Market Shifts Towards Bitcoin

The Altcoin Season Index has dropped to 40, marking a significant shift in market sentiment towards Bitcoin. This reading indicates that less than half of the top 100 altcoins have outperformed Bitcoin over the past 90 days.

Historically, prolonged periods of Bitcoin dominance often precede periods of consolidation or renewed interest in altcoins. However, analysts point to macroeconomic uncertainty, regulatory developments, and a flight to perceived safer assets as contributing factors to this trend.

The index is calculated by tracking the 90-day performance of the top 100 cryptocurrencies by market cap, excluding stablecoins and wrapped tokens. A reading of 75 or higher indicates an altcoin season, while a reading of 25 or lower suggests a Bitcoin season.