Altcoin Season Index Plunges to 36 as Bitcoin Dominance Continues
The Altcoin Season Index has dropped to 36, down from 45 the previous day, indicating a continued period of Bitcoin dominance in the crypto market. The index compares the price performance of Bitcoin against the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped tokens.
A reading of 100 indicates that nearly all altcoins have outperformed Bitcoin, while a reading of 0 suggests the opposite. Altcoin season is typically declared when 75% of the top 100 coins beat Bitcoin's performance.
The current level of 36 places the market firmly in Bitcoin-dominated territory, but not at extreme levels seen in previous bear phases. This metric reflects investor sentiment and capital flows, with a low index reading suggesting challenging times ahead for altcoin holders.