Despite a 2.07% decline in Bitcoin dominance since June 27, the cryptocurrency market remains firmly in Bitcoin season territory according to key metrics. The Altcoin Season Index currently reads 31-33 across major tracking platforms, well below the 75 threshold required to signal altcoin season. Bitcoin continues to set new all-time highs, recently surpassing $122,000 without showing signs of overheating, while the altcoin market cap has only recently broken above the $1.25 trillion resistance level.
Critical indicators reveal Bitcoin dominance stands at 64.65%, far above the 40% levels seen during previous altcoin booms in 2017 and 2021. For true altcoin season to emerge, analysts note Bitcoin would need to enter a consolidation phase to enable capital rotation into altcoins. Ethereum shows promising momentum toward $3,000 amid heavy demand, potentially positioning it to lead any future altcoin surge.
The CoinMarketCap Altcoin Season Index methodology excludes stablecoins and wrapped tokens while tracking whether top-100 cryptocurrencies outperform Bitcoin over 90 days. Current readings between 26-74 indicate a neutral/mixed market, but the proximity to the 25 threshold confirms Bitcoin's ongoing dominance. Historical patterns suggest altcoin seasons typically follow major Bitcoin rallies when investors rotate profits into higher-risk assets.